A trust that gives all trust income to the surviving spouse for life, payable at least annually, and that must meet specific requirements found in the Internal Revenue Code is a

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A QTIP (Qualified Terminable Interest Property) trust is a type of trust that gives all trust income to the surviving spouse for life, payable at least annually. It must meet specific requirements found in the Internal Revenue Code, such as the requirement that the trust must provide that during the surviving spouse's lifetime, no person other than the spouse may receive any distributions from the trust. This type of trust is often used as part of estate planning to provide for the surviving spouse while also preserving the ultimate disposition of the assets for other beneficiaries, such as children.

A Trust That Gives All Trust Income to the Surviving