The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

QUALIFIED DOMESTIC INTEREST TRUST (Q-DOT TRUST) Definition & Legal Meaning

Definition & Citations:

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.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.