How To Use terminable interest In A Sentence
- To defer that tax until you die, you could divide the trust into two—one a $2 million trust and the other a $3 million trust—and make what is called a "qualified terminable interest property" election, Mr. Cundiff says. Survivors' Biggest Mistakes
- Illinois and a handful of other states let couples put the amount subject only to state estate tax—the second bucket—into what is called a "qualified terminable interest property" trust, which provides a surviving spouse with income, and sometimes principal, while delaying estate tax until after the survivor dies. Does Your Trust Need a Tune-Up?
- There are various trust options to choose from, including ‘qualified terminable interest property’ and ‘qualified domestic trust’.
