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What Is a Qualified Personal Residence Trust (QPRT)?
May 23, 2023
A qualified personal residence trust (QPRT) is an irrevocable trust used to achieve estate and gift tax savings. The basic idea behind a QPRT is to transfer the equity in a qualified residence out of a person’s estate and to their heirs while reaping lower transfer tax consequences. A QPRT can also be used to prevent creditors […]