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….? 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
Did you know that you can use your ROTH or Traditional IRA to purchase your 1st home? Saving enough for the down payment on a home purchase is daunting…there are caveats you need to consider Are you a first-time home buyer? Here are the criteria for an IRA distribution: Purchase must be a principal residence. Read More