Although the qualified personal residence trust can be effective for transferring substantial wealth to the next generation at a significantly reduced transfer tax cost, the transfer of a personal residence to family members can raise complex family issues. This article examines both the non-tax and tax issues related to the qualified personal residence trust, including qualification requirements under Section 2702 of the Internal Revenue Code.
Wand, Barbara Freedman
"The Qualified Personal Residence Trust: Passing Wealth to the Next Generation at a Reduced Transfer Tax Cost,"
Marquette Elder's Advisor: Vol. 1
, Article 11.
Available at: https://scholarship.law.marquette.edu/elders/vol1/iss4/11