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Wisconsin Titular calificado de fideicomiso de residencia personal de un plazo - Qualified Personal Residence Trust One Term Holder

State:
Multi-State
Control #:
US-0681BG
Format:
Word
Instant download

Description

Establishing a Qualified Personal Residence Trust (QPRT) involves transferring the residence to a trust that names the persons who are to receive the residence at the end of the stated term, usually a child or children of the donor. The donor is the trustee and maintains control of the trust and the residence during the selected term. The donor is still considered the owner for income tax purposes. The donor continues to make mortgage payments, if any, and pays for property taxes, insurance and routine maintenance. As a result the donor gets to take the income tax deductions related to the property. He or she also receives the tax benefits associated with the sale of a principal residence. A Wisconsin Qualified Personnel Residence Trust (PRT) is a legal instrument used for estate planning purposes. It allows individuals to transfer their primary residence or vacation home into a trust while still retaining certain benefits and control over the property. One type of Wisconsin PRT is the "One Term Holder" trust. It is designed for individuals who want to transfer ownership of their residence but still maintain the right to live in the property for a specified period. Keywords: Wisconsin Qualified Personnel Residence Trust, PRT, estate planning, primary residence, vacation home, trust, transfer ownership, benefits, control, One Term Holder. Different types of Wisconsin Qualified Personnel Residence Trusts include the "Granter Retained Interest Trust" (GRIT) and the "Qualified Personnel Residence Trust" (PRT), but these are different from the specific "One Term Holder" trust.

A Wisconsin Qualified Personnel Residence Trust (PRT) is a legal instrument used for estate planning purposes. It allows individuals to transfer their primary residence or vacation home into a trust while still retaining certain benefits and control over the property. One type of Wisconsin PRT is the "One Term Holder" trust. It is designed for individuals who want to transfer ownership of their residence but still maintain the right to live in the property for a specified period. Keywords: Wisconsin Qualified Personnel Residence Trust, PRT, estate planning, primary residence, vacation home, trust, transfer ownership, benefits, control, One Term Holder. Different types of Wisconsin Qualified Personnel Residence Trusts include the "Granter Retained Interest Trust" (GRIT) and the "Qualified Personnel Residence Trust" (PRT), but these are different from the specific "One Term Holder" trust.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
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Wisconsin Titular calificado de fideicomiso de residencia personal de un plazo