Executors who intend to elect portability should complete Section B of Part 6 of the form if any of the estate's assets are being transferred to a qualified domestic trust, and Section C to calculate the deceased spouse's unused exclusion.
What does QDOT stand for?
QDOT stands for Qualified Domestic Trust (estate planning)
This definition appears frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of QDOT
- Quasi-Dynamic Network Design
- Quoi De Neuf Docteur (French: What's New Doctor? French Growing Pains TV series fanclub)
- Queensland Department of Natural Resources (Australia)
- Queensland Department of Natural Resources and Mines (Australia)
- Quantum Designer and Network Simulator
- Quadripartite Development Objective
- Quantum-Defect Orbital Theory
- Queensland Dairyfarmers' Organisation (Australia)
- Queensland Department of Environment (Australia)
- Quick & Dirty Operating System
- Queensland Department of Transport
- QCD (Quantum Chromodynamics) Data Parallel (software)
- Quad Die Package
- Qualification Data Package (air cargo screening)
- Quality Development Plan (various organizations)
- Quantitative Depth Profiling
- Quantitative Direct Plating (blood samples)
- Quick Delivery Program
- Quality Daily Physical Activity (health program; Canada)
- Quelli Del Portiere Avversario
Samples in periodicals archive:
In order to receive a similar benefit of the estate tax marital deduction, the assets must be transferred to a qualified domestic trust (QDOT).
In addition, the IRS has confirmed that assets placed in a qualified domestic trust, including an IRA, constitute qualified terminable interest property and therefore allow the marital deduction.
Issued The IRS issued final regulations55 governing the income, gift and estate tax consequences of qualified domestic trusts (QDOT's).
Exploring all legislation and regulation in this complex, changing area of taxation, this book covers key topics including: deathbed transfers, charitable trusts, valuation, gifts to minors, unified credit, jointly-held property, proceeds of life insurance, qualified domestic trusts, marital deductions, common disaster provisions, powers of appointment, etc.
2056(d)(2), property passes to the surviving spouse in a qualified domestic trust (QDOT) (as defined in Sec.
citizen surviving spouse through the use of a qualified domestic trust (QDT).
The estate of a citizen may claim a marital deduction for property left to an alien spouse (whether resident or nonresident) only if the property passes in a qualified domestic trust (QDT).