Disclaimer and Warning - From Bob Parrish CPA, P.C.
Remember........"You can have everything in life you want, if you just help enough other people get what they want." -Zig Ziglar.
Email: bmsarasota@comcast.net 941-387-0926; 432-367-3465 email, USA Mail, Fax, telephone or request a meeting
The Qualified Personal Residence Trust is a strategy for a homeowner to transfer a high value residence to a trust (the beneficiaries can be anyone, including the children, grandchildren, etc.) that will "freeze" the value of the residence at the date of the transfer, eliminate the trust assets from the taxable estate, and bypass probate proceedings.
The settlor (homeowner) then continues to live in the trust rent-free for ten years. At the end of ten years the homeowner must start paying rent to continue to live in the trust and the trustee has the sole ownership and control of the home. During the ten year period the home continues to reap the benefits of homestead benefits.
I shall always strive to accomplish your goals, and to keep your planning in balance. You will find no other adviser or groups of advisers that has your potential and your security more in focus than I.
Call Me
Simply to Help —Helping You To
Keep More Of What You Earn, and Helping You To Protect What You Keep
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Help To Keep Your Life In Balance
Very truly yours,
by
Bob Parrish CPA Engagement Manager
trust_qprt_uses.htm
