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Property,for example,their home Your will and the whole court document is available to open audit at the town hall The Law Firm of Steven F.Bliss Esq.A Personal Residence Trusts,or QPRT for short,is a special type of irreversible trust that is designed to eliminate the value of your main residence or a second house from your taxable estate at a minimized rate for federal gift tax and estate tax purposes.
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As with all designations,a backup or contingent guardian should be named as well

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The trustee is responsible for annual tax returns and may be required to file regular accounting at the request of beneficiaries,depending on state law.
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