Qtip Trust

Qtip Trust in United States

Plain-English Law

Qtip Trust as defined by Nolo’s Encyclopedia of Everyday Law (p. 437-455):

A marital trust for wealthy couples designed to reduce estate taxes. The surviving spouse receives only a life estate in the trust property, which passes to the trust’s final beneficiaries after the surviving spouse’s death. No estate taxes are assessed on the trust property until the surviving spouse dies.


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