Search: Legal Guides written by Bruce Givner (3 found)

Written by Bruce Givner
Congress added Qualified Personal Residence Trusts ("QPRTs") to the law in 1989. A QPRT is designed to transfer the principal residence, and up to one vacation residence per parent, to the children at a reduced - and usually no - gift tax cost. It also effectively protects the home's equity.
5 of 7 users found this helpful. Posted about 1 year ago in Estate Planning. Jurisdiction: Federal

Written by Bruce Givner
A Family Limited Partnership is an excellent structure to protect investment assets. It is also a superior way to achieve valuation discounts for estate tax planning. However, when an 80 year old in poor health, or a healthy 90 year old, comes to the lawyer's office, an FLP is usually a bad idea.
Posted about 1 year ago in Estate Planning. Jurisdiction: Federal

Written by Bruce Givner
This is a litigious society. We want to protect our assets from problems that might occur in the future. The ability to protect some assets is limited, e.g., homestead exemptions in some states are limited to a dollar amount. However, retirement plan protection can be unlimited.
2 of 2 users found this helpful. Posted 11 months ago in Bankruptcy / Debt. Jurisdiction: Federal