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Post Initial Trust Term QPRT Considerations Logo aicpa

  Andrew L. Whitehair, CPA/PFS, AEP |   Free |   AICPA |   17 Aug 2016 |   Tax Adviser Magazine

A qualified personal residence trust is a popular estate planning method that allows the donor to remain in the residence during the donor's lifetime while removing the property from the donor's estate. This article discusses the tax treatment of these trusts, particularly if the donor outlives the term of the trust.

Topics covered:
  • Tax: Technical: Taxation of estates & trusts: Gift tax, Intermediate