Of the following statements regarding a qualified personal residence trust, which is true?
A. At the end of the trust term, the residence reverts back to the grantor/settlor.
B. At the creation of the trust, the grantor/settlor has a taxable gift to the remainder beneficiary that is eligible for the annual exclusion.
C. At the end of the trust term, the grantor/settlor must begin paying rent to the remainder beneficiaries of the trust if the grantor/settlor continues to live in the residence.
D. A qualified personal residence trust is ideal for a personal residence that is expected to appreciate at a lower rate than the Section 7520 rate.
E. All of the above are true.