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Immediate Post-Death Interest
The Finance Act 2006 defined an immediate post-death interest (IPDI) trust as one where a person has an interest in possession in settled property and all the following apply:
- the settlement was effected by Will or under an intestacy
- the beneficiary became beneficially entitled to the interest in possession on the death of the testator or intestate.
Learn more about Fixed Fee Trusts with our Trust FAQs.
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