### Question
Can you define what qualified terminable interest property means?


### Answer
**Qualified terminable interest property** is defined as the following in *26 U.S.C. § 2056*:

> property—



(I) which passes from the decedent,



(II) in which the surviving spouse has a qualifying income interest for life, and



(III) to which an election under this paragraph applies

#### Citation:
  - *26 U.S.C. § 2056*
  - Heading: **Subtitle B-Estate and Gift Taxes > CHAPTER 11-ESTATE TAX > Subchapter A-Estates of Citizens or Residents > PART IV-TAXABLE ESTATE**

