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Tax and Accounting Provisions for QTIP trusts

English translation: qualified terminable interest property trusts

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:QTIP trusts
English translation:qualified terminable interest property trusts
Entered by: Lawyer-Linguist
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13:13 May 16, 2005
English to English translations [PRO]
Law: Contract(s)
English term or phrase: Tax and Accounting Provisions for QTIP trusts
can you help me with this abbreviation please?
petya yakova
Bulgaria
Local time: 01:51
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 ...



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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.
Selected response from:

Lawyer-Linguist
Portugal
Local time: 23:51
Grading comment
4 KudoZ points were awarded for this answer

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Summary of answers provided
5 +4qualified terminable interest property (QTIP) trust
Lawyer-Linguist


Discussion entries: 1





  

Answers


3 mins   confidence: Answerer confidence 5/5 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.


Lawyer-Linguist
Portugal
Local time: 23:51
Specializes in field
Native speaker of: English
PRO pts in category: 27

Peer comments on this answer (and responses from the answerer)
agree  Vicky Papaprodromou
36 mins
  -> thanks

agree  Robert Donahue
1 hr
  -> thanks

agree  Saleh Chowdhury, Ph.D.
2 hrs
  -> thanks

agree  xxxAlfa Trans
3 days1 hr
  -> thanks
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