A QPRT lets you have your cake and eat it too
Abstract: Most estate planning strategies involve some tradeoffs. For example, typically, to remove assets from your taxable estate, you must relinquish control over them. One estate planning tool, however, comes close to letting you have your cake and eat it too: the qualified personal residence trust (QPRT). This article discusses how a properly designed QPRT allows you to transfer your home to your children or other relatives and remove its value from your estate — while you continue to live in it.