Cottage Law
Posts Tagged “Qualified Personal Residence Trust”
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Cottage Planning: Dealing with Estate Taxes, Part II
June 22, 2012Part 1 of our "Dealing with Estate Taxes" blog addressed the use of a qualified personal residence trust (or "QPRT"). But using a QPRT only works in certain situations and requires a settlor to willingly give up the cottage at the end of the QPRT term.
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Cottage Planning: Dealing with Estate Taxes
March 19, 2012Over the years, the need for estate tax planning has changed as federal law has decreased the number of individuals who will actually pay any estate tax liability. However, due to the uncertainty in this planning and the fact that absent a change in the law many more individuals will be subject to the estate tax in 2013, estate tax planning is still a valid issue for many couples.
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