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Internal Revenue Service Department of the Treasury Number: 201024012 Release Date: 6/18/2010 Third Party Communication: None Date of Communication: Not Applicable Washington, DC 20224 Index Number:

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What is personal residence in trust?

Personal residence in trust is a legal arrangement where an individual places their primary residence into a trust for various estate planning purposes.

Who is required to file personal residence in trust?

The individual who sets up the trust and transfers their personal residence into it is required to file personal residence in trust.

How to fill out personal residence in trust?

Personal residence in trust must be filled out with accurate information about the trust, the property being transferred, and the beneficiaries.

What is the purpose of personal residence in trust?

The purpose of personal residence in trust is to avoid probate, protect assets, and provide for the efficient transfer of property upon the individual's passing.

What information must be reported on personal residence in trust?

Information such as the name of the trust, the property address, the trustee, and the beneficiaries must be reported on personal residence in trust.

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