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Member
Group: Forum Members
Last Login: 10/12/2006 4:25:00 PM
Posts: 1,
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| Does a life interest in a personal residence granted to a surviving spouse qualify as QTIP property if voluntary relocation, or remarriage terminates the life interest.
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| A life interest (life estate) that terminates upon the ocurrence of an event (e.g., remarriage), will not quality for the marital deduction and therefore would also not qualify as 'QTIP Property'. See IRC Sect. 2056.
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