Qualified Terminable Interest Property Trust

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Qualified Terminable Interest Property Trust (Q-TIP)

A trust that allows a surviving spouse to receive income generated from the trust, while the actual distribution of the trust's assets is made to other beneficiaries such as the grantor's children.

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.
References in periodicals archive ?
Children with otitis externa are twice as likely to have had a Q-Tip inserted into their ears within the preceding 10 days than their peers without otitis externa.
In personal care, its brands include Axe, Caress, Clear Scalp & Hair Therapy, Consort For Men, Degree, Dove, Just For Me, Lever 2000, Nexxus, Noxzema, Pond's, Q-tips, St.
Until then, you'll need a decent set of dedicated gunsmithing screwdrivers (a handle with bits works well), a small soft-face hammer (brass or plastic face so it doesn't mar), good cleaning gear, some of those carpet sample squares work well for the bench top, a good pin punch set, a good set of smooth-face parallel pliers, a plastic bench block with holes so you can knock pins out easily, an assortment of surgeon's hemostat-type clamps (amazingly useful), plenty of Q-Tips, some good gun grease, oil and solvent, and I like to use those red mechanics shop rages you can buy at the box stores (but paper towels are handy too).
Hygiene products (male or female travel size): toothpaste, foot powder, shampoo, body wash, deodorant, toothbrush, Q-tips, floss, soap, ChapStix, mouthwash, eye drops, nasal spray, baby wipes, foot spray, razors and Febreeze;
Career: In 1979, his group Streetband split up and Paul went on to form Q-Tips. For the next three years, the outfit gained a large following in the UK and Europe, but by the end of 1982, they split, leaving Paul free to be signed up as a solo artist.
The former Streetband and Q-Tips singer seemed to have crash-landed in the wrong decade during the 1980s,finding fame as an old-fashioned purveyor of real songs who loved performing on a stage,in an era whose stars felt more comfortable hiding behind a keyboard or making multi-million pound videos in the Bahamas.
"I had to have Q-Tips, otherwise I would have gone crazy," he said.
Valluri advises her patients to place a warm washcloth over the closed eyelids for one minute, then gently scrub the bases of the upper and lower lashes with Q-tips dipped in a solution of three drops baby shampoo for every half-cup of warm water.
Wild and crazy Leo sniffed Ovaltine and would later scrape his nose clean with Q-Tips. His favourite rock bands are Pink Floyd and The Beatles.
Avoid scratching the ear canals or over vigorous cleaning with Q-tips. Children with hearing aids, who have had repeated episodes of otitis external should consider having the hearing aids vented to improve ventilation of the ear canal.
The teachers would set up tables with various materials for the children to use: sequins and glue, colored chalk, fluorescent paint and Q-tips, cupcake holdes and felt scraps, sawdust and food coloring, glitter, clay, ribbons, buttons, wood chips and Styrofoam.
Once all the loose crud is wiped out (use Q-tips too), run a dry brush through the bore and chamber, then run a solvent patch through it and put it down.