Advanced Planning: QPRTs
Thursday, November 15, 2018, 1:00 PM - 2:00 PM, ET
Presenter: Whitney L. Sorrell, JD, CPA, MBA
 
WHAT WE’LL COVER
 
This webinar is part of the Advanced Estate Planning Series and will review the uses, rules, and drafting of a qualified personal residence trust (“QPRT“).

A QPRT is an irrevocable grantor trust designed to transfer a primary residence at a future date while the settlors retain a term interest during their lives. The gift tax cost of the transfer is frozen at the fair market value on the date of transferring the residence to the trust (as opposed to the appreciated value at the end of the trust term), further discounted by the value of the term interest held by the settlor. Asset protection features are also gained by holding the primary residence in an irrevocable trust. The cost of these benefits is the potential loss of a step up in basis.

This webinar will present the estate planning benefits and general rules governing QPRTs, drafting guidelines, asset protection possibilities, and “what-if” options during the trust term and at the end of the trust term.

Practitioners will learn:
- What a QPRT is, including scenarios when a QPRT may be a beneficial estate planning, tax, and asset protection tool
- Rules governing QPRTs
- Drafting guidelines
- Asset protection considerations
- Options available during and at the end of a QPRT’s term
 

Program Knowledge Level: Intermediate
Delivery Method: Group Internet-Based
Recommended CPE Credit: 1.0 credit
Field of Study: Taxation
Prerequisites: JD
Advance Preparation: None
Review Date: 11/01/2018


1.0 CLE (California Board of Legal Specialization - Estate Planning)
1.0 CFP credit pending (National CFP Board)

For information on refunds, concerns, and program cancellation policies, please contact our offices at 888-659-4069, ext 823 or education@wealthcounsel.com.


WealthCounsel LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. 

This webinar is included for Trusts & Estates and Practice Development Subscribers and provided live complimentary for Business Law Subscribers

Regular Price: $139 | Trusts & Estates Price: $0 | Gun Law Price: $139 | Business Law Price: $0 (Recording not included) | Practice Development Price: $0