Can I put both my principal residence and my vacation home in a QPRT?


The qualified personal residence trust QPRT, or QPRT as we call it, is a terrific planning device hardwired in the code that allows us to transfer our principal residence and one vacation home or secondary residence to the beneficiaries of the QPRT on a leverage basis. So yes, we can transfer both the home, the principal home, and a vacation residence in one QPRT, or we could create two QPRTs, one for each of those two assets.

Note: The Tax Cut and Jobs Act of 2017 signed into law in December 2017 increased the exemption amounts mentioned in these videos. The personal estate, gift, and generation-skipping tax lifetime exemption was increased to $11.18 million per person. The annual gift tax exclusion was increased to $15,000 per donee per year.

Both amounts are indexed for inflation and may increase year over year until December 31, 2025, when the law sunsets and reverts to 2017 values