Life Interest Trusts Holding Real Property
A Life Interest Trust holding only real property is a fixed interest trust where a named beneficiary has the right to occupy a property and, unless limited to a right to occupy only, the life tenant will also be entitled to any income generated from any real property in the Life Interest Trust.
What you will learn
- Introduction to Life Interest Trusts holding real property
- Responsibilities of the trustees
- Responsibilities of the life tenant
- Trustees’ powers in respect of the Life Interest Trusts
- IHT on cessation (when the trust ends)
Completing the course
You must mark each section complete in order to successfully complete the course, but you can return to the sections at any point. At the end of the course you will complete a quiz, which can be retaken if you do not reach the pass mark of 80%. You will also be asked to submit a short written assignment. Upon successful completion of the quiz and assignment, you will receive your certificate!
Once enrolled, you can also download and print the full course notes and a one-page reference guide from the materials section. We recommend printing the full course notes before you take the quiz.
You will still be able to access the course in full at any time from the My Account section of the website, even after you have completed it.
About the author
Institute of Legacy Management
The material in this course has been written by the Institute of Legacy Management.