Legal Question in Wills and Trusts in California
qpert
can you set up a qpert on a second home?
Asked on 5/08/08, 5:09 pm
3 Answers from Attorneys
Donald Field
Donald L. Field, Jr., Attorney at Law
Re: qpert
see:
http://edocket.access.gpo.gov/cfr_2007/aprqtr/pdf/26cfr25.2702-5.pdf
Answered on 5/10/08, 2:36 pm
Mitchell Roth
MW Roth, Professional Law Corporation
Re: qpert
You can be resident of a second home for purposes of a QPERT. But, you may well not need to go to the expense and you may be able to accomplish your goals. Most of my client opt for transfer of a remainder interest to the children reserving a life estate.
Answered on 5/09/08, 3:59 pm
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