Tax and Practical Planning with Family Installment Sales and Qualified Personal Residence Trusts

This course explores the strategic use of Family Installment Sales and Qualified Personal Residence Trusts (QPRTs) in high-net-worth estate planning. Attendees will gain a deep understanding of how these tools can be used to minimize gift and estate taxes, achieve asset protection, and transfer wealth efficiently within the family structure. Emphasis will be placed on comparing and combining these techniques with other planning structures, addressing IRS scrutiny, valuation principles, and practical implementation considerations for conscientious planners seeking to tailor solutions to individual client needs. Case studies and advanced structuring examples will reinforce application in real-world scenarios.

Learning Objectives:

1. Differentiate between the tax and legal implications of Family Installment Sales and QPRTs, including their relative advantages and limitations in various client scenarios.
2. Design integrated wealth transfer strategies that incorporate one or both techniques with complementary planning tools, such as GRATs, IDGTs, or private annuities.
3. Evaluate and mitigate risks associated with valuation challenges, retained interests, and IRS scrutiny, while ensuring alignment with a client’s financial, legacy, and family governance goals.