INTEREST IN POSSESSION TRUST
21/03/2009
In an interest in possession trust a beneficiary is entitled to the immediate enjoyment of a right in or over trust property. The basic structure of such a trust is for the payment or entitlement to payment of income from the trust as it arises to one or more individuals during a specified period, usually the person’s lifetime; hence the individual enjoying this right being referred to as the ‘life tenant’.To continue reading this item, you need to be a subscriber. There are many great benefits to become a member of LawSkills. Why not sign up for a free one day pass?
