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November 2016 Archives

Qualified personal residence trusts offer some financial benefit

If you own real estate, then you might consider a qualified personal residence trust as the vehicle for passing that property on to children or other heirs. A QPRT can help you reduce the amount of gift or estate taxes you or your heirs might end up paying.

Could a trust benefit you and your heirs?

While almost everyone knows what a will is -- and would even agree that they are important -- many people never think about trusts. The word trust is often reserved for phrases such as trust-fund baby, and those types of phrases create false thinking around the concept of trusts. You don't have to be rich to benefit from creating a trust.

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Suzanne P. Nicholl
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