SAVE $39 when you purchase TWO QPRT Forms: Qualified Personal Residence Trust (QPRT) With Possible Return To Grantor AND Qualified Personal Residence Trust (QPRT) With Possible Conversion To A GRAT (Grantor Retained Annuity Trust).

Upon purchase, you will receive an email with a link to each of the fully-editable and downloadable QPRT Forms. Each form will also be stored in your master account on www.nlfforms.com for your unlimited use. Click "Learn More" for a detailed description of each QPRT Form included in this bundle.

In order to purchase a QPRT Form individually, please click "Estate Planning" on the homepage.

You will receive 16 clauses addressing these 4 issues:

ISSUE 1: The Marital Deduction Provisions

ISSUE 2: The Credit Shelter Trust Provisions (aka By-Pass Trust; aka Unified Credit Trust, aka Exemption Equivalent Trust)

ISSUE 3: Portability Provisions

ISSUE 4: Generation-Skipping Transfers

BONUS INCLUSION:  2013 ESTATE AND TAX PLANNING CLIENT LETTER

*RELATED CLE COURSES, "2012 And Beyond: Estate And Tax Planning Including Portability" by Steven G. Siegel.  Go to www.nlfonline.com for the online course available 24/7 and to www.nlfcle.com for the course on Audio CD or DVD. On both web sites, for CLE credits, please click on your state (or any state if you don't care about getting CLE credits) and then, under "Estate Planning", and scroll down to this title. (This course is not available for New York CLE Credits.)

This Form consists of the clauses necessary to insert in a Will to create a charitable lead annuity trust. The entire Will is not included here, as the remaining Will provisions can include whatever the draftsman desires in accordance with good will drafting practice. The draftsman may select the charitable organizations to be benefitted, or leave that to the discretion of the Trustee.

This Form is a Dynasty Trust, intended to be created for the benefit of the children and more remote descendants of the Grantor, and designed to be a perpetual trust. Ideally, this trust is created in a State that has repealed the rule against perpetuities, thus allowing for the perpetual duration of the trust.

This is a form of a GRAT that is designed to qualify as a “zeroed out” i.e. no gift tax GRAT. It follows the Walton case and the IRS regulations that permit a GRAT to achieve this result. The form is divided into two Parts. Part One describes a number of provisions for the succession of the property, including a continuing trust for the children of the grantor and a fall-back marital deduction trust for the grantor’s spouse, if necessary. Part Two describes a variety of administrative provision to govern the management of the Trust.

IMPORTANT 1/2/13 NOTE FROM MR. SIEGEL:

"The fiscal cliff has been averted by the American Taxpayer Relief Act of 2012 - but more tax legislation appears to be on the horizon later this year (2013) as the government struggles with issues of debt, entitlements and recovery. The Administration has proposed in its 2013 Budget to limit the usefulness of Defective Grantor Trusts, GRATs, Dynasty Trusts, Qualified Personal Residence Trusts, Irrevocable Life Insurance Trusts and Family Partnership Discounts as tax-saving planning vehicles. All of the proposed changes, if enacted, are said to be prospective only. While it is, of course, impossible to know with certainty at this time what will be enacted, prudent planning for clients suggests to hope for the best while preparing for the worst. NLFforms has useful forms, including the below, for addressing these tax savings issues for those clients wishing to have them in place before any adverse changes in the law occur."

Intentionally Defective Grantor Trust

This a form of an Intentionally Defective Grantor Trust. The grantor retains an administrative power over the Trust (here, the power of substitution) (See Article 11) that leaves the grantor taxable on the trust income. This administrative power is not; however, a sufficient retained interest to require the trust property to be included in the grantor’s estate. The intent here is to enable the grantor to pay all of the income tax liability arising from the trust while allowing the actual trust income to be accumulated for or paid to the trust beneficiaries without income or gift tax consequences to them. (See Rev. Rul. 2004-64).

Installment Sale To Trust

This is a Form of installment sale agreement between the grantor of an intentionally defective grantor trust (Form A) as the seller, and the defective trust as the purchaser. The concept of this transaction is to enable the grantor to sell an appreciating asset to the trust in exchange for a Promissory Note (Form C), which sale will have the effect of freezing the value of the property being sold at its current fair market value, represented by the principal amount of the Note.

Promissory Note For Sale To Defective Grantor Trust

This is a form of Promissory Note that may be used in conjunction with an installment sale (Form B) to an intentionally defective grantor trust (Form A). The interest rate selected should be the appropriate rate based on the duration of the Note published by the IRS for the month of the sale

*RELATED CLE COURSE, "Defective Grantor Trusts: How To Make Them Work For Your Clients" by Steven G. Siegel.  Go to www.nlfonline.com for the online course available 24/7 and to www.nlfcle.com for the course on Audio CD or DVD. On both web sites, for CLE credits, please click on your state (or any state if you don't care about getting CLE credits) and then, under "Estate Planning", and scroll down to this title. (This course is not available for New York CLE Credits.)  

This is a Form of an irrevocable trust. It is intended to continue for the lifetime of the Beneficiary. At the death of the Beneficiary, the remaining trust property passes outright to the descendants of the Beneficiary, unless they are minors or legally incompetent, in which case the provision of paragraph 4 apply.