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A QPRT is a type of Grantor Retained Income Trust (GRIT) which is established to hold personal residences, including vacation homes, for the benefit of family members. Generally, this form of GRIT is created by transferring a residence or other property to an irrevocable trust with the grantor retaining the right to the income from the trust for a specified number of years… Read On
There are some special situations which are sometimes not viewed as development opportunities for community foundations but are, in fact, situations in which a community foundation can be of assistance to prospective donors. This law firm is available, if a community foundation’s legal counsel is not experienced in such matters, to provide the legal representation for a community foundation necessary in those situations… Read On
