- IPDI trust
-
England, WalesA trust in which there is an immediate post-death interest (IPDI).
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
IPDI trust
Look at other dictionaries:
IPDI — immediate post death interest (IPDI) England, Wales An interest in possession (IIP) (interest in possession trust) where: • The trust is created by a … Law dictionary
life interest trust — A type of private trust where the life tenant is entitled to receive for life or a fixed period all or a fixed share of the income generated by the trust fund. On his death, the right to trust income will pass to another or the trust may come to… … Law dictionary
immediate post-death interest — (IPDI) England, Wales An interest in possession (IIP) (interest in possession trust) where: • The trust is created by a … Law dictionary
interest in possession — England, Wales Interest in possession (IIP) is a trust law principle that has UK taxation implications. A beneficiary of a trust has an IIP if they have the immediate right to receive the income arising from the trust property, or have the use… … Law dictionary
IIP — England, Wales Interest in possession (IIP) is a trust law principle that has UK taxation implications. A beneficiary of a trust has an IIP if they have the immediate right to receive the income arising from the trust property, or have the use… … Law dictionary
