QUALIFIED DOMESTIC TRUST
\kwˈɒlɪfˌa͡ɪd dəmˈɛstɪk tɹˈʌst], \kwˈɒlɪfˌaɪd dəmˈɛstɪk tɹˈʌst], \k_w_ˈɒ_l_ɪ_f_ˌaɪ_d d_ə_m_ˈɛ_s_t_ɪ_k t_ɹ_ˈʌ_s_t]\
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This allows a foreigner in the US to get benefits from a spouse who is a US citizen. The benefits can be from estates, pension and retirement plans and to receive medical treatment. Any taxes that become payable are deferred until all dividends have been paid.
By Henry Campbell Black
Word of the day
Procollagen Proline Dioxygenase
- mixed-function oxygenase that catalyzes hydroxylation prolyl-glycyl-containing-peptide, usually in protocollagen, hydroxyprolylglycyl-peptide. The enzyme utilizes molecular oxygen with a concomitant oxidative decarboxylation of 2-oxoglutarate to succinate. EC 1.14.11.2.