The interests or rights that follow the initial beneficiary's interests. In a QPRT, the Grantor (usually a parent) is the initial beneficiary for the term of the trust. Following the end of the QPRT term, specified family members (usually, but not necessarily children of the Grantor) receive the remainder interest. The remainder interest will be the residence, unless the Grantor exercised the right to replace the residence with property of equivalent value (usually cash).
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