Today’s video covers what an Immediate Post-Death Interest (IPDI) Trust is and how it helps families save on inheritance tax.
An IPDI Trust is created upon death and qualifies as an interest in possession trust. Established by a will or under intestacy laws, the life tenant has an immediate right to income from the trust’s assets or can use the assets, like living in a residence. The entitlement may last for the beneficiary’s lifetime or for a fixed term, ending under specific conditions like death or remarriage.
The trust property in an IPDI is considered part of the life tenant’s estate for inheritance tax purposes.
Watch to learn more about how an IPDI Trust can benefit your family and help save on inheritance tax.