Qualified Domestic Trust

Qualified Domestic Trust

by Richard C. Wilson & Family Offices Group Association Team

Family Office Definition: Qualified Domestic Trust

Qualified Domestic Trust definition:  A qualified domestic trust (QDOT) allows a spouse that is not a U.S. citizen to benefit from the marital deduction afforded to most U.S. married couples.  A QDOT requires that the surviving non-citizen spouse receive all income from the trust, however principal cannot be transferred without paying taxes.

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