It seems counterintuitive, but qualified personal residence trusts (QPRTs) can make a lot of sense now. QPRTs are generally not considered effective in a low interest rate environment. And these days, the Internal Revenue Code Section 7520 rate — the interest rate employed to value wealth transfers — is at historic lows. In February 2009, it was just 2 percent. March 2009 saw it bump up, but only to 2.4 percent.1 (See “The Section 7520 Rate,” p. 16.) Yet, QPRTs present an estate-planning ...

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