Qualified Terminable Interest Property (QTIP) Trust
Qualified Terminable Interest Property (QTIP) Trust
Qualified Terminable Interest Property Trust, also called a QTIP trust, is an estate planning tool that allows assets to be transferred from one spouse (the trust grantor) to another. Assets are transferred into the trust, and income from those assets can be directed to the spouse. If the trust grantor dies first, this arrangement makes the trust assets inaccessible to anyone else, should the surviving spouse remarry.
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