Q&As

If a Will leaves a life interest in a property to a life tenant, what rights (if any) does the remainderman have with regard to visiting the property and undertaking work at the property while the life tenant is residing at the property?

read titleRead full title
Published on: 11 September 2020
imgtext

A Life tenant under a Life interest trust is entitled to the income of the life interest trust as it arises, or the enjoyment of the trust’s assets, for example occupation of property. The life tenant is not entitled to capital held for the beneficiaries in remainder on the termination of the life interest. See Practice Notes: Creation of trusts—life interest trusts and Contents of Wills—Will trusts.

As a starting point, the rights and obligations of any beneficiaries under the trust will be determined by the terms of the trust (in

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Key definition:
Life interest definition
What does Life interest mean?

An entitlement to trust income or to the use of trust assets, but not the capital. Also called an possession'>interest in possession.

Popular documents