Terminable Interest - Law Dictionary Search Results
nondeductible terminable interest rule
nondeductible terminable interest rule : a rule in estate tax law: the value
Terminable interest
Terminable interest, means an interest that may be terminated upon the lapse
terminable interest
terminable interest see interest
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qualified terminable interest property
qualified terminable interest property see property
terminable
terminable : capable of being terminated see also qualified terminable interest property at property terminable interest at interest … being terminated see also qualified terminable interest property at property terminable interest at interest
interest
the creditor with priority over competing claims against the property. terminable interest : an interest (as in a life estate) that will
trust
another QTIP trust [kyü-tip-] : a trust to which qualified terminable interest property is transferred for purposes of taking the marital deduction
property
corporation] 2 : property belonging to a particular person qualified terminable interest property : property passing to a surviving spouse that qualifies
taxable termination
taxable termination : a generation-skipping transfer of property held in trust that … a generation-skipping transfer tax payable by the trustee when an interest in the property terminates (as at the death of the
QTIP
QTIP qualified terminable interest property
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