When There's a QPRT and GRAT

Consider other issues when the decedent dies during the term of a qualified personal residence trust and a grantor retained annuity trust

At our firm, we're facing an unusual situation concerning a client who died in 2010 during the term of a qualified personal residence trust (QPRT) and a grantor retained annuity trust (GRAT). For about two decades, the decedent lived abroad and during that time, didn't keep comprehensive records of his finances. We and the estate are concerned that the decedent may have made unreported gifts, although no one has any knowledge of such gifts. So, both to avoid estate tax and minimize

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