Flexible life interest trusts

This webinar provides a practical introduction to Interest in Possession (IIP) trusts and explores how these trusts can be structured to provide greater flexibility within wills. It will examine the benefits of incorporating flexible provisions, particularly in relation to spouses and civil partners, and consider the circumstances in which a life interest may come to an end. The session will also compare flexible life interest trusts with discretionary trusts, highlighting the advantages and disadvantages of each approach. By the end of the webinar, practitioners will be better equipped to advise clients on flexible will trusts and determine which provisions are most appropriate to meet their estate planning objectives.

Topics covered include:

• An introduction to Interest in Possession trusts
  • Making such trusts flexible, particularly in relation to spouses and civil partners
  • Ending the life interest
  • Discretionary trust introduction and comparison to an IIP
  • Pros and cons of each type of trust