LEGAL GUIDE
Written by attorney Bruce Givner

How to Get the Best Estate Tax and Asset Protection Planning for Your Home

Congress added qualified personal residence trusts to the law as a way to allow the parents to transfer a home's equity to the children at a reduced transfer tax cost. As with most estate tax planning, QPRTs also make it more difficult for a creditor to get to that valuable equity.

Additional resources provided by the author

At Givner.com, under "Handouts/Mailers," the category "Estate and Gift Taxes" is a 41 page question and answer style handout entitled "House GRITs.pdf." Before 1989 "QPRTs" were known as "House GRITs."

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