Articles

February 2010

 

 

Recent IRS Ruling Adds a New Dimension to QPRT PlanningThe IRS recently ruled that a qualified personal residence trust coupled with a sale of a remainder interest would not give rise to any gift tax. The authors compare this new technique with a traditional QPRT.

 

November 2009

 

 

99-Year Leases Qualify for Florida Homestead ExemptionIn a case handled by Katz Baskies, the Florida 3rd District Court of Appeal and the Florida Supreme Court ruled that a client was entitled to retain his Homestead ad valorem tax benefits as a result of entering into a 99-year lease for a property he had previously transferred to a Qualified Personal Residence Trust (“QPRT”), which lease was effective as of the day before the QPRT’s termination.

 

 

 

 

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