Legal Question in Wills and Trusts in New Jersey

When a Qualified Personal Residence Trust matures is there any way to transfer the ownership back to the original owners?


Asked on 2/24/15, 4:47 pm

1 Answer from Attorneys
Kevin Pollock Law Office of Kevin A. Pollock LLC

Yes, there are many ways. The beneficiaries of the QPRT can sell it or potentially even gift it back depending upon what's best. Often times the beneficiaries will lease it back to the Grantor.

Kevin A. Pollock, J.D., LL.M.

www.PollockAtLaw.com

P: (609) 818-1555

Licensed to practice law in Florida, New Jersey, New York and Pennsylvania.

Also, visit my blog at: http://WillsTrustsEstates.blogspot.com/

Read more
Answered on 2/25/15, 8:10 am


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in New Jersey