What does a qualified personal residence trust (QPRT) retain for the grantor during the term?

What does a qualified personal residence trust (QPRT) retain for the grantor during the term?

• A. The grantor must transfer ownership immediately to beneficiaries.
• B. The grantor retains full ownership for life.
• C. The grantor retains the right to use the residence for a set term, after which ownership passes to beneficiaries.
• D. The grantor only retains a cash rental stream, not the property.

Answer: (C)