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Qprt

Draft QPRT Agreements in Minutes, Not Hours

12 minutes with CaseMark

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Upload your documents and get a finished work product in minutes. New accounts get $5 free to run their first skill.

12 minutes with CaseMark

What you'll need

  • Party Information Sheet
  • Property Deed or Legal Description
  • Property Appraisal

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Workflow

Overview

CaseMark's QPRT drafting skill generates complete, IRC §2702-compliant Qualified Personal Residence Trust agreements ready for attorney review and client execution. The AI produces a full trust instrument with safe harbor provisions, property exhibits, beneficiary schedules, and all ancillary documents needed to transfer a personal or secondary residence at a reduced gift tax valuation.

Drafting a compliant QPRT agreement requires navigating complex IRC §2702 regulations, Treasury Regulation safe harbor requirements, and state-specific execution formalities. Manually assembling these documents is time-intensive and error-prone, with missed provisions potentially disqualifying the trust's favorable gift tax treatment and exposing clients to significant tax liability.

CaseMark automates the drafting of fully compliant QPRT agreements by incorporating all required regulatory provisions, generating consistent cross-references across trust articles, and producing complete execution packages. Attorneys can focus on strategic planning and client counseling rather than document assembly, confident that the foundational compliance framework is built in.

How it works

  1. 1. Upload party details, property information, and planning parameters

  2. 2. AI drafts a complete QPRT agreement with IRC §2702 compliance built in

  3. 3. Review and customize trust provisions, beneficiary designations, and exhibits

  4. 4. Export the finalized agreement in your preferred format (DOCX, PDF)

What you get

  • Trust Instrument (Articles I–XII)

  • Property Exhibit (Exhibit A)

  • Beneficiary Schedule

  • Signature & Notarization Blocks

  • Post-Execution Checklist

What it handles

  • IRC §2702-compliant trust instrument with all required articles

  • Safe harbor provisions under Rev. Proc. 2003-42 and Treas. Reg. §25.2702-5(c)

  • Property exhibit with legal description and permitted holdings schedule

  • Beneficiary schedule with percentage shares and contingent distributions

  • Signature and notarization blocks formatted for state-specific requirements

  • Post-execution checklist covering deed transfer, gift tax filing, and recordation

Required documents

  • Party Information Sheet

    Grantor, trustee, and remainder beneficiary details including full legal names, addresses, dates of birth, relationships, SSN/TIN, and percentage shares

    .pdf, .docx, .xlsx

  • Property Deed or Legal Description

    Current deed or legal description of the residence including tax parcel number, county, and state

    .pdf, .docx

  • Property Appraisal

    Qualified appraisal of fair market value as of the anticipated transfer date

    .pdf, .docx

Supporting documents

  • Existing Estate Plan Documents

    Current will, revocable trust, or prior gift tax returns showing lifetime exemption usage and GST allocation history

    .pdf, .docx

  • Title Report or Insurance Policy

    Current title report or owner's policy showing encumbrances, easements, and liens on the property

    .pdf

  • IRC §7520 Rate Documentation

    Applicable §7520 rate for the transfer month or either of the two preceding months

    .pdf, .docx

Why teams use it

Reduce QPRT drafting time from hours to minutes while maintaining full regulatory compliance

Eliminate the risk of missing required safe harbor provisions under Rev. Proc. 2003-42

Generate internally consistent documents where retained term, beneficiary shares, and tax provisions align throughout

Produce execution-ready packages including notarization blocks and post-closing checklists

Questions

Does the generated QPRT comply with current IRS safe harbor requirements?

Yes. CaseMark drafts every QPRT agreement to satisfy the safe harbor provisions under Rev. Proc. 2003-42 and Treas. Reg. §25.2702-5(c), including permitted holdings limits, casualty/destruction provisions, and sale-replacement rules. You should always have qualified counsel review the final document.

Can I use this for both principal and secondary residences?

Absolutely. CaseMark supports drafting QPRTs for either a principal residence or a qualified secondary residence as defined under Treas. Reg. §25.2702-5(c)(2)(i). The system tailors the trust language based on the residence type you specify.

How does CaseMark handle state-specific requirements?

CaseMark generates signature and notarization blocks formatted for the governing law state you designate. It also accounts for differences between the state of property situs and the grantor's domicile when they differ, flagging relevant considerations for your review.

What happens if the residence is sold or destroyed during the trust term?

CaseMark includes comprehensive provisions for sale, casualty, and destruction scenarios as required by the regulations. The drafted agreement addresses replacement purchase timelines, excess proceeds distribution, and GRAT conversion options when repair or replacement is infeasible.

Can I customize the retained term and beneficiary designations?

Yes. CaseMark allows you to specify the grantor's desired retained occupancy term, remainder beneficiary shares, and contingent distribution provisions. The AI incorporates these parameters throughout the trust instrument for internal consistency.

Does the output include everything needed for execution?

CaseMark generates the complete trust instrument, property exhibit, beneficiary schedule, signature and notarization blocks, and a post-execution checklist covering deed transfer, gift tax return filing (Form 709), title insurance updates, and property tax considerations.

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