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Assets must be re-titled to the trust and any assets within the trust will not be considered a part of the probate estate Have more questions? Call us now: 951-412-2800 The Law Firm of Steven F.Bliss Esq.A Personal Residence Trusts,or QPRT for short,is a special type of irreversible trust that is designed to eliminate the value of your main residence or a second house from your taxable estate at a minimized rate for federal gift tax and estate tax purposes.
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