Estate Planning Case Study
 Estate
Planning – Qualified Personal Residence Trust
Individual Estate Owner: An
individual wanted to explore ideas that would leave more money to
her children and less to the IRS at her death. However, she didn’t
want to gift herself into poverty just to do this.
Challenge:
How to transfer the assets of an estate without penalizing your
current life style or that of your heirs.
Solution:
Drawing on a little known and perhaps little understood rule, we
recommended that she create a Qualified Personal Residence Trust.
This solution was a good example of how our breadth of experience
can benefit our clients.
Result:
The real estate asset was successfully transferred to her heirs
without negative tax ramifications incurred by any of the parties
with little to no impact on her current life style.
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