Avoid Owing the Tax Man Well After You Die
December 28th, 2007
by Hil de Frias, Partner, Mello Jones & Martin
The Primary Family Homestead Exemption (PFH Exemption) is one of the most effective (and probably least expensive) estate-planning tools available to Bermudians.
So, what is the PFH Exemption? Simply put, it is an exemption from duty on the value of a deceased person’s interest in residential real estate. For most Bermudians, the most valuable asset they own at their deaths will be Bermuda real estate.