Reviews

What others have said about The QPRT Manual

Natalie B. Choate, the author of the bible on retirement distribution planning, Life and Death Planning for Retirement Benefits has just released the first ever The QPRT Manual.

It's a winner and like its sister book, should be within arms-length distance of any professional who has a question on QPRTs! (You can get either book today by going here or by calling 1 800 247 6553.)

464 pages (including a great index), the eight chapter QPRT manual is crammed with useful (yes, this is not an impress the troops dry law-book type tome) and practical information, QPRT Manual also has forms, QPRT private letter rulings, a nifty drafting checklist, and a very extensive bibliography - although it's not likely you'll need to go anyplace else for the answer to a QPRT question - including a step-by-step explanation of the mathematics of QPRT calcs - and a reference to the two key software packages the IRS itself uses for doing the calcs, my NumberCruncher (http://www.leimberg.com) and Larry Katzenstein's TigerTables (http://www.tigertables.com). (Thanks Natalie!)

Chapters include:

HOW QPRTs SAVE TAXES (Tax economics, client profile, alternatives to QPRTs)
THE PERSONAL RESIDENCE (What is - and what is NOT - a personal residence)
DRAFTING THE QPRT (Essential, Optional/Alternative, and Recommended Provisions)
GIFT AND ESTATE TAX TOPICS (Calculation of Gift Tax Value/Gift/Estate Tax Issues)
CONQUERING THE GST TAX (Death of Child of QPRT Donor After QPRT Begins)
INCOME TAX ISSUES (Grantor Trust Rules/TIN and Reporting/Basis/Sales Issues)
QPRTs IN OPERATION (Second Thoughts/Changes in Circumstances/Operational Problems)
CASE STUDIES (Practical Problem/Solution Solving)

Appendixes include:

FORMS
PRIVATE LETTER RULINGS
DRAFTING CHECKLIST

I wouldn't say it's malpractice for an estate planning attorney or other estate planner not to own and useThe QPRT Manual - but then again - it clearly is criminal to know such a great resource exists - and not have and use it!

Get yourself a copy quick before they're all sold out!

HOPE THIS HELPS YOU HELP OTHERS!

Steve Leimberg