Explain the Essential Features of a QTIP Trust

question 29

Essay

Explain the essential features of a QTIP Trust.

---

Definitions:

Interpretation

The process of explaining or understanding the meaning of something, such as a piece of data, event, or statement.

Selective Perception

The method through which people selectively absorb content from media messages that aligns with their preferences, disregarding any contrary perspectives.

Personal Attributes

Characteristics or features inherent to an individual, including traits, abilities, and attitudes.

Overall Impression

Overall impression is the general feeling or opinion that people have about someone or something after considering all aspects or experiences.