Interest in possession trusts, often referred to as life interest trusts, are a popular choice for property owners looking to manage their estates and provide for beneficiaries. These trusts grant a beneficiary the right to receive income or use the trust property during their lifetime, while the capital ultimately passes to other beneficiaries. At Blackstone […]
Interest in possession trusts are a common estate planning tool, but they do not last forever. At some point, the trust will come to an end, and trustees have crucial responsibilities to fulfil during the closure process. This article will outline the key considerations and steps involved in closing an interest in possession trust. Please […]
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