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March 27, 2019
1:00PM - 3:00PM ET


April 03, 2019
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April 10, 2019
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April 17, 2019
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April 24, 2019
1:00PM - 3:00PM ET



Course Description

This course addresses the tax planning technique known as the 'personal residence trust,” in particular the Qualified Personal Residence Trust (QPRT). With the increased opportunity for tax-free lifetime gifting and the decline in residential home values, using the QPRT has become an excellent planning vehicle, allowing a homeowner to reduce their future estate without giving up complete use and control of a residential property.

Specific topics covered include:

  • What is a Personal Residence Trust?
  • How QPRTs are treated by the Internal Revenue Code and Regulations
  • What constitutes a personal residence
  • What happens when there is a mortgage on the property
  • What to do if the residence is sold during the QPRT term
  • QPRTs and income tax, gift tax, estate tax, and generation-skipping tax issues
  • Planning with QPRTs (multiple trusts, grantor rental at the end of the term, coordination with life insurance trusts, etc.)
  • QPRTs and IRS required interest rates


Steven G. Siegel, JD, LLM

Steven G. Siegel, JD, LLM, is president of The Siegel Group, which provides consulting services to attorneys, accountants, business owners, family offices, and financial planners. Based in Morristown, New Jersey, the Group provides services throughout the United States.

Steven is the author of many books, including: The Grantor Trust Answer Book (2015 CCH); CPA’s Guide to Financial and Estate Planning (AICPA 2014); Federal Fiduciary Income Taxation (Foxmoor 2014); and Federal Estate and Gift Tax (Foxmoor 2014).

In conjunction with numerous tax-planning lectures he has delivered for the National Law Foundation, Steven has prepared extensive lecture materials on the following subjects: planning for an aging population, preparing the audit-proof federal estate tax return, business acquisitions, estate planning, dynasty trusts, planning with intentionally defective grantor trusts, S corporations, and many others.

Steven has delivered hundreds of lectures to thousands of attendees in live venues and via webinars throughout the United States on tax, business, and estate planning topics on behalf of numerous organizations, including Western CPE, the Heckerling Institute on Estate Planning, CCH, National Law Foundation, AICPA, the National Society of Accountants, CohnReznick, Foxmoor Continuing Education, many state CPA societies and estate planning councils, and on behalf of private companies.

He’s presently serving as an adjunct professor of law in the graduate tax program (LLM) of the University of Alabama School of Law, and he has served as an adjunct professor of law at Seton Hall University and Rutgers University law schools.

Steven holds a bachelor’s degree from Georgetown University (magna cum laude, Phi Beta Kappa); a juris doctor from Harvard Law School; and an LLM in taxation from New York University Law School.

Course Specifics

May 24, 2017

Compliance Information

IRS Provider #: OMYXB
IRS Course ID: 0MYXB-T-01149-17-O
IRS Federal Tax Law Credits: 2
CTEC Provider #: 2071
CTEC Course ID: 2071-CE-1102
CTEC Federal Tax Law Credits: 2
Qualifies for CA Fraud: No

Learning Objectives

Upon successful completion, participants will be able to:

  • Understand the composition of a QPRT and how it is created
  • Address the various QPRT issues and complications that may arise
  • Determine the gift and estate tax advantages of QPRTs, noting generation-skipping tax issues
  • Recognize the possible risks of using QPRTs

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