As property values around the country continue to recover, many families now list their primary residence and vacation homes among their most valuable assets, according to WealthManagement.com. As a result, these homes may be excellent candidates for estate planning techniques.

One of the more straightforward of these techniques is the use of a Qualified Personal Residence Trust or QPRT. Gifting a primary residence or a second home to a QPRT is a clear-cut way in which grantors can significantly reduce the value of their taxable estate, with minimal disruption to their daily lives, and ultimately pass more assets along to their heirs.

via Smart Tax Planning: How Your Vacation Property Can Provide Savings | Asset Protection content from WealthManagement.com.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.