Terminable Property - Law Dictionary Search Results
Terminable property
Matched in: Term Terminable property
qualified terminable interest property
Matched in: Term qualified terminable interest property
nondeductible terminable interest rule
Matched in: Term nondeductible terminable interest rule
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QTIP
QTIP qualified terminable interest property
interest
and levy on the property. Further, it provides the creditor with priority over competing claims against the property. terminable interest : an interest (as in a life estate) that will terminate upon the occurrence of an event
trust
of one person but using the money of another QTIP trust [kyü-tip-] : a trust to which qualified terminable interest property is transferred for purposes of taking the marital deduction qualified charitable remainder trust : a trust
terminable
Matched in: Term terminable
power
the U.S. Constitution police power : the power of a government to exercise reasonable control over persons and property within its jurisdiction in the interest of the general security, health, safety, morals, and welfare except where legally … to which the power relates often under specified circumstances (as upon the default of a mortgage) power of termination : a power of a grantor or the grantor's successors in interest to enter upon an estate that
taxable termination
taxable termination : a generation-skipping transfer of property held in trust that is subject to a generation-skipping transfer tax payable
remainder
: an estate in property in favor of one other than the grantor that follows upon the natural termination of a prior intervening possessory estate (as a life estate) created at the same time and by the
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