QTIP Trust

Business, Legal & Accounting Glossary

Definition: QTIP Trust


QTIP Trust

Quick Summary of QTIP Trust


A type of trust for wealthy married couples that allows a surviving spouse to postpone estate taxes. A QTIP trust allows the surviving spouse to make use of the trust property tax-free. Taxes are deferred until the surviving spouse dies and the trust property is received by the final trust beneficiaries, who were named by the first spouse to die.




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QTIP Trust. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/qtip-trust/.
Chicago Manual of Style (CMS):
QTIP Trust. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/qtip-trust/ (accessed: April 20, 2024).
American Psychological Association (APA):
QTIP Trust. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/qtip-trust/

Definition Sources


Definitions for QTIP Trust are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd April, 2020 | 0 Views.