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.