QPRT
Law & Legal abbreviation · Estate and Family Law
| Stands for | Qualified personal residence trust |
|---|---|
| Categories | Law & Legal |
QPRT stands for Qualified personal residence trust, an estate and family law abbreviation.
Irrevocable trust into which a person transfers a home while keeping the right to live in it for a term of years, after which the home passes to beneficiaries. The taxable gift is reduced by the value of the retained right.
Example: They put the beach house in a 15-year QPRT and plan to pay their children rent afterward.
Usage notes
Pronounced "Q-pert". It rests on Treasury regulations under Internal Revenue Code § 2702. If the grantor dies during the term, the home is pulled back into the estate. Afterward, the grantor may stay only by paying fair-market rent, which moves still more value out of the estate. Higher interest rates make QPRTs more effective.
Related abbreviations
More estate and family law abbreviations
- POA – Power of attorney
- POD – Payable on death
- PR – Personal representative
- PSA – Property settlement agreement
- QDOT – Qualified domestic trust
- QDRO – Qualified domestic relations order
- QTIP – Qualified terminable interest property
- RLT – Revocable living trust
- SAPCR – Suit affecting the parent-child relationship
- SLAT – Spousal lifetime access trust
- SNT – Special needs trust
- TIC – Tenants in common
See all 50 estate and family law abbreviations →
This entry is for general education and is not legal advice. Abbreviation use varies between institutions; always confirm in context.