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Q-TIP |
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See Qualified Terminable Interest Property Trust. Qualified Terminable Interest Property Trust A trust into which the trustor deposits funds and other assets to provide for a surviving spouse while also maintaining control of what happens to those assets after the surviving spouse dies. In a Q-TIP, the trustor names his/her surviving spouse as beneficiary and provides that income and/or principal from the trust shall pass to that spouse upon the trustor's death. However, when the surviving spouse also dies, what remains in the trust is distributed to heirs as if it had been a part of the trustor's estate. A Q-TIP is a common trust when a person has children from a previous marriage; that Q-TIP provides for the surviving spouse but later is transferred to children from one's first marriage to ensure that the estate takes care of them as well. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Clean it with a cotton swab that has a bit warm water on it. Clean out the air vents with cotton swabs and make them brighter. However, it has emerged the DNA actually came from an unsuspecting woman who worked at a factory where cotton swabs are produced for the police force. |
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