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Greetings from all of us at Cornerstone,
As summer approaches many people are looking to buy their first home or downsize into something more suited to their new needs.  As you see the for sale signs go up in your neighbors yards here are a couple of articles that may help you make your own decisions about homeownership. 
  • Personal Residence Issues in Retirement  
  • Qualified Personal Residence Trust
We hope that these articles are helpful as you encounter the financial challenges of everyday life.  As always, if you have ideas for upcoming topics or feedback on the newsletter we would love to hear from you.  Thank you for the privilege of continuing to assist you on your journey to meet your financial goals.  

Personal Residence Issues in Retirement

As you grow older, housing issues become an integral part of your retirement plans. You may be living on a fixed income and want to get additional cash by borrowing against the equity in your home.
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Qualified Personal Residence Trust
 

A qualified personal residence trust (QPRT, pronounced "Q-Pert") is a specialized form of grantor retained interest trust (GRIT). It is an irrevocable trust into which you transfer an interest in a personal residence, and in which you retain the "income" interest--the right to use or live in the home for a specified term of years.
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Chad Halbur
President and Shareholder
chalbur@cornerstonetrust.net
Anthony Botticella
EVP and Managing Director
abotticella@cornerstonetrust.net

Upcoming Events

July 22nd 6:00 - 9:00 pm
Car Night @ Quoin Bank

5700 S Remington Place Sioux Falls SD

Join Cornerstone and Quoin Bank for a casual night of cars, food and entertainment.  Enjoy music from local musician Dan Mahar and check out some fun custom cars. 
FREE to the public! Donations welcome, proceeds will go to the Cystic Fibroses Foundation. 
No need to RSVP.
Copyright © 2014 Cornerstone Trust, All rights reserved.
Our mailing address is:
Cornerstone Trust
2101 W 41st Street, Suite 2000
Sioux Falls, SD 57105

http://www.cornerstonetrust.net

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