Topical Terminology > Qualified Terminable Interest Property Trust
Qualified Terminable Interest Property Trust
For Qualified Terminable Interest Property Trust we have a term and definition in Fundraising.
Qualified Terminable Interest Property Trust (Fundraising) 
A type of marital deduction trust in which the trustor spouse can absolutely determine who the remainder beneficiaries will be. In ordinary marital deduction trusts, the beneficiary spouse has the capacity to name or change the remainder beneficiaries. The estate tax or gift tax marital deduction for such a trust is not automatic but must be elected. Also termed as a QTIP Trust.
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