The Will Bureau
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Posts tagged IPDI
What is an Immediate Post Death Interest?

An interest in possession trust is a form of legal agreement which according to Viscount Dilhorne in Pearson v IRC (1980) gives a beneficiary a “present right to the present enjoyment” to the bequeathed or devised asset. Or, in other words, the beneficiary has an immediate right to the income generated from the asset held in trust (or the right to enjoy the asset in another way, for example by living in the property) for the present time.

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