It seems counterintuitive, but qualified personal residence trusts (QPRTs) can make a lot of sense now.
QPRTs are generally not considered effective in a low interest rate environment. And these days, the Internal Revenue Code Section 7520 rate — the interest rate employed to value wealth transfers — is at historic lows. In February 2009, it was just 2 percent. March 2009 saw it bump up, but only to 2.4 percent.1 (See “The Section 7520 Rate,” p. 16.)
Yet, QPRTs pres
All access premium subscription
Your subscription will include 12 months of Trusts & Estates magazine and access to premium content on WealthManagement.com.