Common use of Qualified interest Clause in Contracts

Qualified interest. The value of a qualified annuity interest and a quali- fied remainder interest following a qualified annuity interest are deter- mined under section 7520. The value of a qualified unitrust interest and a qualified remainder interest following a qualified unitrust interest are deter- mined as if they were interests de- scribed in section 664.

Appears in 2 contracts

Sources: Property Division Agreement, Property Conversion Agreement