Qualified Terminable Interest Property (QTIP) Trust,
Qualified Terminable Interest Property (QTIP) Trust Meanings:
Qualified Terminable Interest Property (QTIP) Trust definition is: PTIQ (revocation of eligibility of interest) properties allow settlers to meet and control the needs of the surviving spouse after the death of the surviving spouse. Goes Proceeds from the trust, and sometimes capital, are returned to the surviving partner to ensure that the partner receives lifelong support.
- An Eligible Cancelly Interested Property Trust (IFAP) known as a settler allows a person to transfer property to a living spouse and also determines that after the death of the living spouse How the property will be divided into trusts.
- According to QPIP, the rent is paid to a surviving spouse, while the rest is kept in custody after the death of the couple. At this point, it is paid to the recipient named Colonizer.
- QTIP funds are used in state planning and are especially useful when the beneficiary comes from a previous marriage, but the grant dies before the next spouse.
- With QTIP, inheritance tax is not levied after the death of the first spouse, but after the death of the second spouse.
Literal Meanings of Qualified Terminable Interest Property (QTIP) Trust
Meanings of Qualified:
Be officially recognized as qualified to perform certain certified tasks.
Sentences of Qualified
I can only rate this rating as a high-level success
Synonyms of Qualified
certified, certificated, chartered, licensed, professional, limited, conditional, restricted, bounded, contingent, circumscribed, reserved, guarded, cautious, hesitant, tentative, equivocal
Meanings of Terminable:
It will end after a while.
Sentences of Terminable
A contract that can be terminated by the company 12 months in advance
Well, boredom is a terrible thing, but it seems like it's the ultimate boredom.
Synonyms of Terminable
limited, not infinite, subject to limitations, restricted
Meanings of Interest:
The state of wanting to know or want to learn someone or something.
Amount that is permanently paid at a certain rate for the use of the loan or for delay in repayment of the loan.
Participation, process or interest in the company, especially finance.
Sentences of Interest
Voters must express their interests
Regulation of National Interests in India, Brazil and Africa
Synonyms of Interest
attentiveness, undivided attention, absorption, engrossment, heed, regard, notice, scrutiny, dividends, profits, returns, of benefit to, to the advantage of, for the sake of, for the benefit of, stake, share, portion, claim, investment, stock, equity
Meanings of Property:
Some things or things that belong to each other belong to someone else.
An attribute, quality, or feature of something.
Sentences of Property
Oliver wanted his belongings out of the house
Thermal properties to produce metal at constant speed
Synonyms of Property
possessions, belongings, things, goods, worldly goods, effects, personal effects, stuff, chattels, movables, quality, attribute, characteristic, feature, power, trait, mark, hallmark
Meanings of Trust:
Someone's trustworthiness, truth, skill or someone's strength or strong belief in something.
Accept the truth of a statement without proof or investigation.
The state of being responsible for something or other.
A person or work that is our responsibility.
A contract in which an individual (sincere) owns the property as a nominal owner for the benefit of one or more beneficiaries.
A group of patrons.
An organization or business managed by an administrator.
Hope or optimism
Believe in reliability, truth, skill or power.
Allow someone (someone or something important or valuable) to use or care for with confidence.
Sentences of Trust
They know how to win the trust of others
Although recent events have damaged this confidence and our confidence in your abilities, we need to keep in mind the effectiveness of these treatment tools.
As I progress spiritually, I build on my confidence, trust, and conviction.
There is nothing worse than betraying your beliefs and convictions.
It is a smooth and stable partnership with confidence.
Our relationship here is based on common principles of trust and confidence.
It's about faith, belief, sacrifice and quality of life, though I can't prove it to you.
Synonyms of Trust
belief, faith, freedom from doubt, freedom from suspicion, sureness, certainty, certitude, assurance, conviction, credence, reliance, duty, obligation, keeping, protection, charge, care, custody, place one's trust in, put one's trust in, have confidence in, have every confidence in, believe in