QPRT’s and your home

What is a QPRT? A QPRT is a Qualified Personal Residence Trust. This is a specific type of trust in which its creator can remove a residence from his or her estate. Once the set term is over, the remaining interest in the property is transferred out of your estate to the set beneficiaries, as Read More

Why Create an Irrevocable Life Insurance Trust or an ILIT….?

Why Create an Irrevocable Life Insurance Trust or an ILIT….? Tax Savings…. People buy life insurance for many reasons, life insurance has unique features not found in other financial solutions. Why not reduce your family’s estate taxes by placing your life insurance policy you already own into a trust? Why would one make this choice? Read More