Video FAQs

Asset Protection Law

What is a personal residence trust?

A personal residence trust or QPRT, as we often refer to it is an irrevocable trust that’s created during the lifetime of the creator, specifically to hold the primary residence or the secondary residence of the person creating the trust. A QPRT is customarily used as a tool to reduce the size of the trust-maker’s estate. In some instances, it can offer some asset protection features.