What is another word for QTIP trust?
Pronunciation: [kjˈuːtˈɪp tɹˈʌst] (IPA) 
A QTIP trust, short for Qualified Terminable Interest Property trust, is an estate planning tool that allows a spouse to control the distribution of assets to beneficiaries after their death. However, there are alternative terms to describe this type of trust. One synonym often used is a Marital Trust. This trust ensures that the surviving spouse receives income generated by the trust, while also managing the ultimate distribution to other beneficiaries. Another synonym is a Widow’s Trust, as it provides financial security for the surviving spouse. Additionally, a "Bypass Trust" is another term for a QTIP trust, where assets are transferred to the trust to minimize estate taxes and provide for the surviving spouse.
