As most of us Arizonans have noticed lately, house prices are on the rise! With low interest rates and homes reasonably priced, houses are selling fast. As many of our Attorneys have been noticing, clients are still using depressed values when guesstimating what their homes are worth.
There is actually a very useful estate planning tool, called a QPRT, or a Qualified Personal Residence Trust, which excludes the value of your personal residence from your estate for estate tax purposes. For more information on how a QPRT can help you, click here to ream more.