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The excess can be applied towards your lifetime estate tax exemption of $5.
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? Inform others of the death,consisting of family members,service partners,employers,and specialists like lawyers and accountants.
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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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