Tax and Accounting Provisions for QTIP trusts
English translation: qualified terminable interest property trusts
| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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| 13:13 May 16, 2005 |
| English language (monolingual) [PRO] Law: Contract(s) | |||||||
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|  Selected response from: Deborah do Carmo Portugal Local time: 03:21 | ||||||
Grading comment
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| SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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| 5 +4 | qualified terminable interest property (QTIP) trust |
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| Discussion entries: 1 | |
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Answers
3 mins confidence: 
peer agreement (net): +4
peer agreement (net): +4| QTIP qualified terminable interest property (QTIP) trust Explanation: .... -------------------------------------------------- Note added at 4 mins (2005-05-16 13:17:24 GMT) -------------------------------------------------- ... to create a Qualified Terminable Interest Property (QTIP) Trust in his Will. With a QTIP trust, he can give Karen a lifetime interest in the income from ... www.firstambank.com/616.html - 48k - Cached - Similar pages Tax Matters ... credit shelter trust, a reverse QTIP trust and a residuary trust. ... giving proper regard to the surrogate court decree, the trust qualified as a QTIP. ... www.aicpa.org/pubs/jofa/mar2004/taxbrief.htm - 13k - Cached - Similar pages Glossary ... Q-TIP Trust (Qualified Terminable Interest Property Trust) ... The grantor of a Q-Tip trust directs the income generated from the assets to their spouse ... service.harrisdirect.com/IniApp/jsp/helpcenter/ hc_ilQ.jsp?glosslink=QualifiedTerminableInterestPropertyTrust - 13k - Cached - Similar pages Gift Tax Charitable Deduction on Early Termination of QTIP ... At that time, the balance of the QTIP trust would pass outright to the ... created a qualified charitable remainder trust rather than a QTIP trust with ... www.pgdc.net/OSU/NAL-20000511155649 - 31k - Cached - Similar pages Charitable Deduction - QTIP ... The surviving spouse gave a portion of the stock in the QTIP trust which had ... treat the trust as qualified terminable interest property (QTIP) under ... www.pgdc.net/BRAF/NAL-19990416161644 - 36k - Cached - Similar pages A half-dozen uses for a QTIP. (qualified terminable interest property) ... has suggested that a good plan would be to leave property in a QTIP trust. ... QTIPable trusts (only one of which would be elected), or one QTIP trust ... www.nysscpa.org/cpajournal/old/12097358.htm - 30k - Cached - Similar pages Charitable Trust Administration Company - QTIP Early Termination ... ... The IRS favorably ruled on the early termination of a QTIP Trust where the calculated life income interest was distributed to the surviving spouse and ... -------------------------------------------------- Note added at 5 mins (2005-05-16 13:18:38 GMT) -------------------------------------------------- DEFINTION: is a trust often set up to avoid transfer tax on the first spouse\'s death. The deceased spouse establishes the ultimate disposition of the property, rather than the surviving spouse including the property in their estate. During their lifetime, the surviving spouse receives all income from the principal and, in some cases, has access to the principal. |
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