The concept of qualified terminable interest property or QTIP, which has been available since 1982, has enjoyed much greater use than originally anticipated by many planners. While most farm and ranch property poses few problems in funding, a marital deduction with a QTIP election funded with the residence or residence part of the form requires special care.
Harl, Neil E.
"Residence as QTIP,"
Agricultural Law Digest: Vol. 4
, Article 1.
Available at: http://lib.dr.iastate.edu/aglawdigest/vol4/iss19/1