disabled person's interest
- disabled person's interest
-
England, Wales
It may be:
• A discretionary trust created after 9 March 1981 for a disabled person (sections 89 and 89B(1)(a), IHTA 1984).
• A discretionary trust created on or after 22 March 2006 by a person expecting to become a disabled person for himself (a "self-settlement") (sections 89A and 89B(1)(b), IHTA 1984).
• A trust created at any time in which a disabled person became entitled to an interest in possession (IIP) on or after 22 March 2006 (section 89B(1)(c), IHTA 1984).
• An IIP trust created on or after 22 March 2006 by a person expecting to become a disabled person for himself (section 89B(1)(d), IHTA 1984).
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
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