Dunham Trust Company Building Relationships That Last Generations
Trust Glossary

Qualified Terminable Interest Property (Q-TIP) - Minimal interest in property that will qualify as a marital deduction gift if elected by the donor or the decedent's personal representative. As the donee of a QTIP gift, the spouse is required to receive all income from the property for life.

Back To Glossary

The content in this glossary is general in nature and is intended for informational purposes only. It is not intended to provide specific advice or recommendations for any individual or organization, because the facts and circumstances surrounding each situation differ. Please consult your attorney, tax advisor or other professional advisor for advice on your particular situation.

Website Disclaimer    Anti-Money Laundering Requirements    Privacy Policy Statement

© 2018   Dunham Trust Company   All Rights Reserved