Never Put Your Personal Residence into a Land Trust! Are you making this common mistake? In today's video, Clint Coons, Esq. dives into why you should never put your personal residence into a land trust and what to do if you already have. What You’ll Learn: - Key Differences between land trusts and residence trusts - Protecting Your Homestead Exemption effectively - Common Misconceptions about using land trusts for personal residences - Pitfalls of transferring legal and equitable title Discover

SOLVED: Ben is interested in using a Qualified Personal Residence Trust (QPRT) as part of his estate plan. Which of the following are FALSE regarding QPRTs?A. At the end of the trust term, the house will revert back to the grantor.B. With a QPRT, the grantor must survive the trust term to realize any estate tax savings.C. A QPRT can be used with either primary residences or vacation homes.D. The grantor will have a taxable gift upon the creation of the QPRT.

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