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Law/Patents - Law (general) | | English term or phrase: qualified terminable interest property | | Tax imposed on qualified terminable interest property. |
| Viole T.KudoZ activityQuestions: 439 ( 11 open) ( 19 without valid answers) ( 3 closed without grading) Answers: 1
Greece
| | Local time: 05:14
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| | Greek translation:leave the English term untranslated but use the abbreviation QTIP (and exlain it in Greek) | Explanation:
Qualified terminable interest property (QTIP) is property in a decedent's estate that, even though subject to certain restrictions, can still qualify for the estate tax marital deduction. The term also includes property given to a spouse during life that qualifies for the gift tax marital deduction, even though it is subject to similar restrictions. |
| Selected response from:
Ellen Kraus
Local time: 04:14
| Grading comment | 4 KudoZ points were awarded for this answer |
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| Discussion entries: 0 |
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The translation workplace 
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