Continuing Legal Education

TELESEMINAR: Estate Planning for Personal Residences – A National Perspective

January 30, 2014
12:00 – 1:00 p.m.
1.00 MCLE hours


Family properties – personal residences, vacation homes or retreats, plots of land have long been in the family – are often the most valuable asset of clients. The recent recovery in real estate prices has brought renewed focus on how to preserve the value of these properties for later generations and obtain certain tax benefits while they are used by the family. Planning for these properties involves liquidity issues, integration with larger estate plans, family squabbles over emotionally important properties, income tax issues while renting them out or otherwise using them, and potentially issues involving conservation easements and charitable giving. This program will provide you with a practical guide to estate planning for important family properties, including uses of Qualified Personal Residence Trusts and LLCs, alternatives to QPRTs, tax issues while renting them and other considerations. 


  • Planning for the preservation, transfer and use of family properties
  • Understanding the use and traps of Qualified Personal Residence Trusts (QPRTs)
  • Determining a donor’s reserved interest in the property and the necessity of maintaining formality
  • Tax rules of renting out the vacation home or other property
  • Benefits of conservation easements in protecting and transferring family properties
  • Special considerations when the property is economically distressed
  • Alternatives to QPRTs –– LLCs, non-QPRT trusts and more


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Program Speaker:
Daniel L. Daniels
, Wiggin and Dana, LLP, Connecticut


Daniel L. Daniels is a partner in the Greenwich, Connecticut office of Wiggin and Dana, LLP, where his practice focuses on representing business owners, corporate executives and other wealthy individuals and their families.  A Fellow of the American College of Trust and Estate Counsel, he is listed in “The Best Lawyers in America,” and has been named by “Worth” magazine as one of the Top 100 Lawyers in the United States representing affluent individuals. Mr. Daniels is co-author of a monthly column in “Trusts and Estates” magazine.  Mr. Daniels received his A.B., summa cum laude, from Dartmouth College and received his J.D., with honors, from Harvard Law School.