QDOT
QDOT is an abbreviation for qualified domestic trust, which is a trust created for a surviving spouse who is a non-U.S. citizen to qualify for the marital deduction. It allows a non-U.S. citizen married to a U.S.
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tax
QTIP trust
QTIP trust is an abbreviation for qualified terminable interest property trust.
qualified domestic trust
A qualified domestic trust (QDOT) is a trust created for a surviving spouse who is a non-U.S. citizen to qualify for the marital deduction. It allows a non-U.S. citizen married to a U.S.
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qualified intermediary
A qualified intermediary refers to a person who “[e]nters into a written agreement with the taxpayer . . . and, as required by the exchange agreement, acquires the relinquished property from the taxpayer, transfers the relinquished property, acquires the replacement property, and transfers the replacement property to the taxpayer.” 26 C.F.R. § 1.1031(k)-1(g)(4)(iii).
qualified personal residence trust (QPRT)
Qualified personal residence trust (QPRT) refers to a type of trust used to minimize estate and gift taxes by moving personal residences into a trust.
qualified retirement plan
A qualified retirement plan refers to employer-sponsored retirement plans that satisfy requirements in the Internal Revenue Code for receiving tax-deferred treatment.
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qualified small business stock
Qualified small business stock refers to stock that qualifies for the tax deduction for investments in small business stock. For qualifying stock from a C corporation, the owner may deduct up to 100% of the income from the stock, representing a major tax deduction.
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qualified terminable interest property (QTIP) trust
Qualified terminable interest trusts (QTIP trusts) are an estate planning tool used to maximize a couple’s applicable exclusion amounts while qualifying for the marital deduction.
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ratable
An amount to be appraised or apportioned. For example, the Internal Revenue Code § 306, which describes the tax treatment of income from the sale of stock, exempts “such stock’s ratable share of the amount which would have been a dividend at the time of distribution”—i.e.
real property
real property (land law): an overview
Property signifies dominion or right of use, control, and disposition which one may lawfully exercise over things, objects, or land. One of the basic dividing lines between property is that between real property and personal property. Generally, the term real property refers to land. Land, in its general usage, includes not only the face of the earth but everything of a permanent nature over or under it. This includes structures and minerals.
menu of sources
Federal Material
U.S. Constitution
State Material
State Statutes
Judicial Decisions
- N.Y. Court of Appeals:
- Appellate Decisions from Other States
Other References
Key Internet Sources
Useful Offnet (or Subscription - $) Sources
- Good Starting Point in Print: Cunningham, Stoebuck and Whitman, Hornbook on the Law of Property, (2000)
other topics