Question: Igor is interested in using a qualified personal residence trust ( QPRT ) as part of his estate plan. Which of the following are false

Igor is interested in using a qualified personal residence trust (QPRT) as part of his estate plan. Which of the following are false regarding QPRTs?
Question 50 options:
The grantor will have made a taxable gift upon the creation of the QPRT.
A QPRT can be used with either a primary residence or a vacation home.
At the end of the trust term, the house will revert back to the grantor.

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