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terminable interest

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ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.terminable interest - an interest in property that terminates under specific conditions
stake, interest - (law) a right or legal share of something; a financial involvement with something; "they have interests all over the world"; "a stake in the company's future"


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For couples, a reverse qualified terminable interest property (QTIP) election may allow allocation of any remaining exemption amount of the first spouse to die if only a portion of it was allocated to a bypass trust.
If you're concerned about estate taxes, it may be worthwhile to investigate sophisticated techniques designed to lessen their blow, such as the qualified terminable interest property (QTIP) trust.
Specifically, at present, protection from estate tax may be secured in the estate of a transferee spouse through use of a Qualified Terminable Interest in Property (QTIP) (emphasis added).
 
 
 
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