With several locations around the Five Boroughs of New York City, including our main office in Forest Hills, Queens, we strive to be accessible for businesses and individuals throughout New York. Contact the Law Offices of Nathan Erlich, P.C., to learn more about our practice.

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Queens Estate Planning Lawyers

Using Qualified Personal Residence Trusts in New York for Asset Protection

A qualified personal residence trust (QPRT) is an estate planning tool that may have significant benefit to a person who owns one or more residences, especially if those homes are located in areas with high property values like New York.

A qualified personal residence trust is a way to transfer ownership of your home to your chosen beneficiary without the full value of the home being included in the value of your estate for estate tax purposes. Without a QPRT, your beneficiary may end up paying steep estate taxes that could force the beneficiary to sell the house to pay the taxes.

QPRTs are not a way to transfer all your property completely free of tax obligations. They do create significant tax savings for your property portfolio and should be part of the asset protection plan for every New Yorker who owns one or more apartments or homes.

Discuss Qualified Personal Residence Trusts With Queens Attorney Nathan Erlich

Nathan Erlich is a Queens estate planning attorney who has more than 20 years of legal experience, along with advanced degrees in taxation and finance from universities in the United States, Australia and England. At The Law Offices of Nathan Erlich, P.C., we provide clear guidance on all estate planning matters, including qualified personal residence trusts.

We are a full-service estate planning practice with the knowledge and experience to create complex estate plans that utilize all relevant tools — including QPRTs, life insurance trusts and more — to give our clients the reassurance of having strong asset protection plans in place.

We have several offices in New York City and Nassau County, including our main office in Forest Hills, Queens,. To schedule a consultation regarding qualified personal residence trusts with one of our lawyers, call toll free 877-518-7581 or use our online contact form.

The Law Offices of Nathan Erlich, P.C. provides legal counsel and representation to the Five Boroughs of New York City, including the cities of New York City, NYC, Queens, Brooklyn, Forest Hills, Long Island, Kew Gardens, Bayside, Whitestone, Astoria, Richmond Hill, Ridgewood, Elmhurst, Greenpoint, Linden Hill, Park Slope, Red Hook, Carroll Gardens, Valley Stream, Cedarhurst, Woodmere, Hewlett, New Hyde Park, Roslyn, and Westbury, as well as Kings County, Queens County, New York County, Nassau County and Suffolk County.