A QPRT is a specific type of irrevocable trust designed to hold a personal residence. An irrevocable trust means that the transfer of property ownership is permanent and can’t be undone.

The transfer of a residence to a personal residence trust is considered ... “Residence trusts are a very complicated area that require a great amount of thought and consideration.

When that happens, numerous tax considerations come into play. There are also some planning aspects to handling the personal residence. The sale of the personal residence after death – that ...

Personal residence trusts are a valuable tool in achieving that goal by leveraging the value of gifts. The owner of a personal residence creates an irrevocable trust and transfers the residence ...

As a result, taking advantage of strategies like creating a qualified personal residence trust, or QPRT, can be smart in trying to make the most of high current exemptions while they last.

There was an old woman who lived in a shoe. Had that been her personal residence, she could give a remainder interest to a charity and continue to live in her residence for her life. Less than one ...

This gated Montecito residence, where he lived for part of his ... The recently remodeled kitchen opens to a breakfast area. Wood floors continue in the formal dining room where views take in ...