Commentary

I5.112 Trusts for persons in succession

IHT, trusts and estates

I5.112 Trusts for persons in succession

I5.112 Trusts for persons in succession

The following are examples of settled property held in trust for persons in succession within IHTA 1984, s 43(2)(a):

  1.  

    •     Property expressly directed to be held on trust for A for life with remainder to B (the classic 'life interest trust'). This will be settled property so long as A is alive, and will cease to be settled property on A's death

  2.  

    •     Property directed to be held on trust for A in tail male, with remainder to B absolutely. Entailed interests (or 'estates tail') can no longer be created (since 1997). For further

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