Known as a QTIP or a qualified terminal interest policy. This is trust that allows a citizen who is not a native US citizen to inherit money from a spouse who is a citizen of the US. There is no tax obligations that are immediately payable.
What is QUALIFIED DOMESTIC INTEREST TRUST (Q-DOT TRUST)?
- QUALIFIED DOMESTIC TRUST
- QUALIFIED TERMINABLE INTEREST PROPERTY TRUST (Q-TIP TRUST)
- QUALIFIED DOMESTIC RELATIONS ORDER (QDRO)
- QUALIFIED WIDOW OR WIDOWER
- QUALIFYING TERMINAL INTEREST PROPERTY
- NON-QUALIFIED DEFERRED COMPENSATION (NQDC)
- COLLATERAL TRUST BOND
- REMAINDER INTEREST
- ASSET PROTECTION TRUST (APT)
- ACCRUED INTEREST
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