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QTIP trust is a type of trust and an estate planning tool used in the United States. "QTIP" is short for "Qualified Terminable Interest Property." A QTIP trust is often used in order to take advantage of the marital deduction and still control the ultimate distribution of the assets at the death of the surviving spouse.
Estate planning is the process of anticipating and arranging for the management and disposal of a person's estate during the person's life in preparation for future incapacity or death. The planning includes the bequest of assets to heirs, loved ones, and/or charity , and may include minimizing gift, estate, and generation-skipping transfer taxes .
The bottom line is that as the Harris vs. Trump election creeps up on voters, the outcome affects many aspects of your life — and death — planning. Estate planning is top of mind for America ...
For many couples, a joint revocable trust is a valuable estate planning tool. They can be easier to manage than separate trusts and administration costs may be lower.
Elections in the U.S. state of California took place on November 5, 2024, with the statewide direct primary election being held on March 5, 2024. [ 2 ] California voters elected all of California's seats to the United States House of Representatives , one seat to the United States Senate , all of the seats of the California State Assembly , and ...
Two propositions had already qualified for the next statewide election (which was the June 2012 presidential primaries) prior to the signing of the law, making the June 2012 primaries the last statewide non-general election in California to have statewide initiatives on the ballot.
California’s secretary of state asked an appeals court last week to drop Fong as a congressional candidate for the November election. A Sacramento County Superior Court had said in December that ...
California Proposition 19 (2020), also referred to as Assembly Constitutional Amendment No. 11, is an amendment of the Constitution of California that was narrowly approved by voters in the general election on November 3, 2020, with just over 51% of the vote.