Yes. Many people with second homes want them to stay in the family but also want to limit estate and gift taxes upon their transfer. One way to achieve this might be to create a qualified personal residence trust (QPRT). How Is the Property Valued? The gift’s value is determined by calculating the home’s present[ … ]
Articles by Mary Yaconiello
Mary is a Senior Tax Manager at BeachFleischman. Working in public accounting since 1988, she has extensive experience providing tax planning and compliance services.
