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 subscribe. Click here to find out about the benefits of a subscription to LawSkills







