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2011 SESSION

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SB 1072 Inter vivos QTIP trusts; if established by donor spouse not to be included in estate.

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SUMMARY AS INTRODUCED:

Inter vivos QTIP trusts.  Provides that the donor spouse who establishes for his spouse a QTIP (qualified terminable interest property) trust, which effectively gives the donee spouse a life estate in the trust property, or an inter vivos power of appointment marital deduction trust shall not have the trust property included in the donor spouse's estate for estate tax purposes.


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