My financial literacy company, Literacy to Legacy Mentors™ Reframing Your Financial Future, A Pratt Prosperity Company, was launched on April 28, 2021 in celebration of Financial Literacy Month.
Based on growing interest, I am delighted to announce my expanded “Financial Freedom Education” event series, my “Entrepreneur Spotlight” quarterly event series, and my private mentoring packages.
Beginning in January 2022, I will continue to host complimentary bi-monthly trusts and estates, tax, education and small-to-mid-sized business and personal finance “Financial Freedom Education” events.
My special guests will include members of my strategic partner network who are seasoned trusts and estates attorneys, tax strategists and accountants, education experts, as well as the nation’s leading college financial aid advisor, each exemplifying prosperity, financial freedom, and independence!
My newly launched “Entrepreneur Spotlight” events will be hosted quarterly, featuring successful and profitable entrepreneurs whose companies have stood the test of time, and that are fiscally and socially responsible.
Each of my events are hosted via Zoom on Wednesday night from 5:30 – 6:30 p.m. EDST. Registration is required, and upon receipt the event Zoom link will be emailed to you with your confirmation.
In 2022, I will be launching my transformational business and personal finance workshops via Zoom on a variety of topics, as well as unique one-day, in-person “Financial Wellness and Wellth Retreats” in Fairfield County, Connecticut, and Stratton Mountain, Vermont. Details on my workshops and retreats are forthcoming, so please stay tuned!
My company vision and mission: “At Literacy to Legacy Mentors, we educate, inspire, and motivate people to master their financial lives and live prosperously through personal finance education and mentoring.”
I look forward to helping you to expand your financial knowledge and to live a more prosperous life!
My very best wishes for a Happy, Healthy, and Prosperous New Year!
Why a Qualified Personal Residence Trust is A Popular Tool to Reduce Estate & Gifts Taxes
Qualified Personal Residence Trusts (QPRT’s) are a popular vehicle to reduce the amount of estate or gift taxes owed on a primary residence from a potentially taxable estate. The trust grantor continues to reside in the residence, but it is owned by a trust for your beneficiaries for a set period of time. The goal is for the property to appreciate and for the grantor to pass during the trust period. Applicable reduction rates are applied to any appreciation reducing it for gift and estate tax purposes. There are also other trusts and ways to handle real estate interests that can be crafted as part of a comprehensive estate planning strategy, which we will discuss.