what are the requirements of a qtip trust 
a qtip is required to pay all of its income to the spouse beneficiary there can also be no other beneficiaries until that spouse passes away the bottom linequalified terminable interest trusts are designed to be a method of ensuring you can leave assets to your spouse and other named beneficiaries while the terms you want are enforced throughout the trust s existence qtips may not be suitable for everyone or every situation for example if you re not concerned with how your estate is distributed after your spouse dies you might not need a qtip but if you re leaving an estate to your spouse when you die and want any remaining assets and income to go to specific people after your spouse passes on a qtip is an excellent way to ensure your wishes are followed 