"...nobody does a better job than Nolo." - USA Today
Nolo Logo

Since 1971, Nolo's goal has been simple: Make America's legal system accessible to everyone. Our website, books, software, online legal forms and lawyer directory help millions of individuals, businesses and nonprofits solve their legal problems each year.

Small text sizeMedium text sizeLarge text size Print this page
 

Nolo’s Plain-English Law Dictionary

Legal Dictionary Home

qualified personal residence trust (QPRT)
A trust designed to save on estate tax by moving a residence (or vacation home, if certain conditions in the tax code are met) out of the owners taxable estate. The owner transfers ownership of the property to the trust but keeps the right to live there for a number of years. QPRTs are most popular when real estate values are going up rapidly.
Dictionary

Search the whole dictionary:

Bestsellers

Browse all books, software & legal forms >

Find A Lawyer

Enter zip or city, state ("Boston, MA")

Attorney Profiles

Attorneys: Get Listed

Advertisement

Advertise Here

Nolo Partner

This service is operated by JustAnswer.
Nolo provides no guarantee of the information provided.