Tag: estate
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...
Qualified Terminable Interest Property (QTIP) Trust
What is a Qualified Terminable Interest Property (QTIP)?
A Qualified Terminable Interest Property, or QTIP, is a type of trust that provides income to a...
Quiet Title
What is a Quiet Title Action
A quiet title action is a legal proceeding used to establish the ownership of real estate when there are...
Variable Survivorship Life Insurance
What is Variable Survivorship Life Insurance
Variable survivorship life insurance is a type of permanent life insurance that pays a death benefit to the surviving...
Falling Knife
What is a falling knife and why should you avoid it
A falling knife is a term used to describe a stock that has been...
Farmer Mac – Federal Agricultural Mortgage Corporation – (FAMC)
DefinitionThe Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, publicly traded company that was chartered by the United States federal...
Family Limited Partnership (FLP)
What is 'Family Limited Partnership - FLP' A type of partnership designed to centralize family business or investment accounts. FLPs pool together...
Foreclosure
DefinitionForeclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making...
Waterfall Payment
What is a 'Waterfall Payment' A waterfall payment is a type of payment scheme in which higher-tiered creditors receive interest and principal...
Wasting Trust
What is 'Wasting Trust' A trust that holds plan assets when a qualified plan is frozen. A "wasting trust" derives its name...