- QTIP trust
QTIP trust see trust
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
- QTIP trust
A type of trust for married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.Category: Wills, Trusts & Estates → Estate TaxCategory: Wills, Trusts & Estates → Living Trusts & Avoiding Probate
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
Look at other dictionaries:
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