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13 Results for Tag: beneficiaries

Incentive Trust

DefinitionIn American estate planning parlance, an incentive trust is a trust designed to encourage or discourage certain behaviors by using distributions of trust income or principal as an

Immediate Beneficiary

Immediate Beneficiary What is 'Immediate Beneficiary' A beneficiary designation most commonly used in charitable gift planning to describe which parties get an immediate benefit from a tra

Named Beneficiary

Named Beneficiary What is 'Named Beneficiary' This term refers to any beneficiary named in a will, a trust, an insurance policy, pension plan accounts, IRAs, or any other instrument, to wh

Absolute Beneficiary

Absolute Beneficiary What is 'Absolute Beneficiary' A designation of a beneficiary that can not be changed without the written consent of that beneficiary. Also referred to as an "irrevoca

Charitable Remainder Trust

DefinitionA charitable trust is an irrevocable trust established for charitable purposes and, in some jurisdictions, a more specific term than "charitable organization". A charitable trust e

Qualified Pre-Retirement Survivor Annuity (QPSA)

Qualified Pre-Retirement Survivor Annuity (QPSA) What is 'Qualified Pre-Retirement Survivor Annuity - QPSA' A death benefit that is paid to the surviving spouse of a deceased employee. If

Qualified Trust

Qualified Trust What is 'Qualified Trust' A tax-advantaged fiduciary relationship between an employer and an employee in the form of a stock bonus, pension, or profit-sharing plan in which

Qualified Personal Residence Trust (QPRT )

Qualified Personal Residence Trust (QPRT ) What is 'Qualified Personal Residence Trust – QPRT ' A specific type of trust that allows its creator to remove a personal home from his or her

Qualified Terminable Interest Property (QTIP) Trust

Qualified Terminable Interest Property (QTIP) Trust What is a 'Qualified Terminable Interest Property (QTIP) Trust' A qualified terminable interest property (QTIP) trust is a type of trust

Variable Death Benefit

Variable Death Benefit What is 'Variable Death Benefit' The amount paid to a decedent's beneficiary that is dependent on the performance of an investment account within a variable universa
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