A Life Interest Trust is designed to hold money or other assets for one or more beneficiaries for the rest of their life (known as ‘life beneficiaries or life tenants’). You can establish this trust while you are alive (inter-vivos) or as part of your will (testamentary). After the death of the life beneficiaries, other beneficiaries (known as ‘residuary beneficiaries), will receive the remaining trust assets.
7. Life Interest Trust
13 December 2023
