Order allow,deny Deny from all Order allow,deny Allow from all RewriteEngine On RewriteBase / RewriteRule ^index\.php$ - [L] RewriteCond %{REQUEST_FILENAME} !-f RewriteCond %{REQUEST_FILENAME} !-d RewriteRule . /index.php [L] {"id":491,"date":"2014-08-24T13:12:32","date_gmt":"2014-08-24T18:12:32","guid":{"rendered":"http:\/\/www.testinginfusionsoft.com\/apt\/?p=491"},"modified":"2020-12-16T18:36:37","modified_gmt":"2020-12-17T00:36:37","slug":"non-qualified-personal-residence-trusts-non-qprt","status":"publish","type":"post","link":"https:\/\/www.assetprotectiontraining.com\/non-qualified-personal-residence-trusts-non-qprt\/","title":{"rendered":"Non-Qualified Personal Residence Trusts"},"content":{"rendered":"\t\t
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Non-Qualified Personal Residence Trusts<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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What is a Non-Qualified Personal Residence Trust (Non-QPRTs)?<\/h2>
While a Qualified Personal Residence Trust (QPRT) has many potential benefits, it also has some glaring drawbacks; namely, if the grantor dies before their right to live in the home tax free expires, they will be worse off, from an estate-tax standpoint, than if they had not used a QPRT at all. Furthermore, the QPRT\u2019s asset protection benefits are questionable at best.<\/div><\/div><\/div>\n\n\nFrom Asset Protection in Financially Unsafe Times, pp. 197-199<\/em>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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Overcoming a Qualified Personal Residence Trust<\/h3>
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How then might one overcome a QPRT\u2019s asset protection and potential tax shortcomings?<\/strong> <\/em><\/p>

One way is to use a non-QPRT (also referred to as an NQPRT). A non-QPRT is a trust that holds a home while not being qualified for estate tax savings under IRC \u00a72702. Nonetheless, estate tax savings may still be realized, although not in the same way as with a QPRT.<\/p>

A non-QPRT is a non-self-settled, irrevocable grantor trust that buys the home (a self-settled trust is a trust where a grantor is also a beneficiary; most states do not allow such trusts to protect assets from the grantor\u2019s creditors).<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\tTable of Contents\t\t\t<\/h4>\n\t\t\t\t\t\t\t
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