What is a qualified terminable interest property (QTIP) trust?

In which way are the QTIP trust and the AB trust similar? Both use the marital deduction in much the same way. The primary difference is that the QTIP trust does not grant the surviving spouse a general power of appointment over the A trust. The B trust remains the same. Recall that if a … Continue reading What is a qualified terminable interest property (QTIP) trust?