Qualified Personal Residence Trust

Also called a QPRT. In the United States, a trust to which the grantor transfers his/her personal residence. A QPRT is irrevocable. Therefore, the value of the residence is removed from the grantor's estate, which reduces his/her estate tax liability. The grantor may continue to live in the home for no charge for a certain number of years. The grantor, however, usually must pay a gift tax proportionate to the value of the home he/she owns free and clear.

单词	qualified personal residence trust
释义	Qualified Personal Residence Trust Qualified Personal Residence Trust Also called a QPRT. In the United States, a trust to which the grantor transfers his/her personal residence. A QPRT is irrevocable. Therefore, the value of the residence is removed from the grantor's estate, which reduces his/her estate tax liability. The grantor may continue to live in the home for no charge for a certain number of years. The grantor, however, usually must pay a gift tax proportionate to the value of the home he/she owns free and clear. AcronymsSeeQPRT
随便看	keystation adapter unit keyster keys to keys to innervision keys to interactive parenting scale key stone keystone keystone active zone keystone adult learning center keystone agricultural producers jollyhead jolly her along jolly her into something jolly her up jolly him along jolly him into something jolly him up jollying jollying up jolly into jolly into something jolly jumper jolly, justin jolly me along jolly me into something