Interest in possession trusts
Under this type of arrangement the Trustee may have no
discretion as to the application of income arising from the trust
fund other than to pay it to certain specified Beneficiaries or
accumulate it for their future benefit.
Typically, upon the death of the person entitled to receive
the trust income, the capital will pass to certain other
Beneficiaries on fixed terms, or possibly, at the discretion of the
Trustees.