Is it really great news when the value of your vacation home falls?
September 23, 2008

A: Perhaps, if you are considering some creative estate planning, it is. With a planning tool called a qualified personal residence trust (QPRT) you can move the future appreciation of your residence or other home out of your estate and yet maintain the use of that property until you die. QPRTs have recently made a come-back now that some of the edge has come off the residential real estate market. QPRTs have their own set of rules and a current fair market appraisal would be required. But like the stock market, it is when prices are depressed that some of the best tax planning can occur. If you have questions, by all means feel free to call.

If you have questions, please contact:
Charles B. Jones, Equire

cjones@tandllaw.com
(410) 752-2468