A Qualified Personal Residence Trust (QPRT – pronounced “Q-Pert”) is a trust that holds a personal residence for a term of years, allowing you, in effect, to give away your residence at a discount and “freeze” its value for federal estate tax purposes – all while continuing to live in it. Each person can set…

A married couple has special planning challenges if one spouse is not a citizen of the United States. Federal estate tax law requires that a spouse be a U.S. citizen in order to qualify for the unlimited marital deduction. The primary reason for this law is that the IRS does not want a surviving non-citizen…

© 2007-2018 Squillace & Associates, P.C. All rights reserved. Disclaimer