Super Finance Glossary
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Qualified Terminable Interest Property Trust (Q-TIP)
Qualified Terminable Interest Property Trust (Q-TIP)
Definition: A trust that allows a surviving spouse to receive income generated from the trust, while the actual distribution of the trust's assets is made to other beneficiaries such as the grantor's children.
Definition: A trust that allows a surviving spouse to receive income generated from the trust, while the actual distribution of the trust's assets is made to other beneficiaries such as the grantor's children.