Which of the following accurately describes a QTIP Trust ? a. A QTIP is sometimes called a “B” or “Q” Trust . b. Trust income must be paid to the spouse or other designated beneficiary at least annually. c. The trust assets will be included in the gross estate of the surviving spouse. d.
5. Which of the following accurately describes a QTIP Trust ? (a) A QTIP is sometimes called a “B” or “Q” Trust . (b) Trust income must be paid to the spouse or other designated beneficiary at least annually. (c) The trust assets will be included in the gross estate of the surviving spouse.
12/16/2019 · A qualified terminable interest property trust (QTIP trust) is a marital trust in which interest generated from that trust is given to a surviving spouse, while the trust assets are given to other beneficiaries determined by the grantor, such as his or her children from a previous marriage. A QTIP trust ensures that a grantor’s surviving spouse is taken care of, while also ensuring that the trust will.
Question 11 1.25 / 1.25 pts Which of the following accurately describes a QTIP Trust A. A QTIP is sometimes called a “B” or “Q” Trust . B. Trust income must be paid to the spouse or other designated beneficiary at least annually. C. The trust assets will be included in the …
