Estate Planning Acronyms

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Estate Planning Acronyms

  • CLT – Charitable Lead Trust
  • CRT – Charitable Remainder Trust
  • DIY – Do It Yourself
  • DPOA – Durable Power of Attorney
  • FLP – Family Limited Partnership
  • GRAT – Grantor Retained Annuity Trust
  • GRIT – Grantor Retained Income Trust
  • GRUT – Grantor Retained Unitrust
  • HIPAA – Health Insurance Portability and Accountability Act
  • ILIT – Irrevocable Life Insurance Trust
  • IRA – Individual Retirement Account
  • JTWROS – Joint Tenancy With Right of Survivorship
  • POA – Power of Attorney
  • POD – Pay on Death
  • QDOT – Qualified Domestic Trust
  • QPRT – Qualified Personal Residence Trust
  • QTIP – Qualified Terminal Interest Property
  • RLT – Revocable Living Trust
  • SCINS – Self Cancelling Installment Notes
  • SNT – Special Needs Trust – Supplemental Needs Trust
  • SSD – Social Security Disability Insurance
  • SSI – Supplemental Security Income
  • TC – Tenants in Common
  • TOD – Transfer on Death
  • TPP – Tangible Personal Property
  • UGMA – Uniform Gift to Minors Act
  • UTMA – Uniform Transfer to Minors Act