How you hold title to property can dictate who receives the property on your death, whether the property is subject to probate, and how it is taxed. This article examines the five ways title to property and the consequences of each.
The uncertainties surrounding our estate-tax laws has made traditional estate planning more complicated; however, there are still several estate planning strategies that should be considered. The qualified personal residence trust or QPRT is one such strategy. A QPRT is an irrevocable trust created by a homeowner who, during their lifetime, transfers title to the personal […]
Revocable living trusts are becoming more popular. While revocable living trusts can provide an easy and efficient means for holding and managing assets, they may not always be necessary. A revocable living trust is simply an arrangement where one person, the trust settlor, gives property to himself as trustee or to another person or entity […]