These trusts, also known as life interest trusts, provide the beneficiary (who is often known as the life tenant) with a right to receive the income (interest from savings and dividends from shares) from the trust fund. If the trust holds property then the life tenant has the right to either occupy the property, usually rent free, or to receive the rental income arising from it.
This right can be given to the life tenant for his/her lifetime or for a shorter specified period. When the life tenant dies, or the specified period ends, the property held within the trust then passes to other named persons, known as the remaindermen.
Life interest trusts are very useful for passing assets on to children from an earlier relationship whilst at the same time providing for a new spouse/civil partner or cohabitee. Conversely, people who are in their first marriage/civil partnership or long term relationship who are worried that their partner could remarry after their death can protect their assets by incorporating a life interest trust in their wills. Home owners who have concerns regarding future residential care home fees can plan for such an eventuality by protecting their property in a life interest trust.
For anything further, one of our specialists would be delighted to meet you either in our office or in your own home to talk through your requirements and answer any questions. Please contact us at any time.
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20 years. Thousands of ideas. Countless improvements to health and care across the North East and North Cumbria.
We`re proud to sponsor the 20th Bright Ideas in Health Awards — a true milestone for a programme that`s shone a light on innovation since 2003.
Got a bright idea? Entries close 11:59pm, Friday 27 November 2026.
🔗 https://brightideasinhealth.org.uk/
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We were proud to sponsor the first ever CBIT`s Got Talent in Sheffield, raising £9,258 for the Child Brain Injury Trust.
Thank you to co-sponsor Maggie Sargent & Associates, the performers, and everyone who came along. Plans are already under way for an encore next yea👏
Read more - https://tinyurl.com/ynbswynf
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Oct 9
Think you know your stuff? Join Sintons` Trainees for our Fundraising Quiz Night at Shearer`s Bar, St James` Park on 12th Nov.
Quiz, raffle & games, all in aid of @stoswaldsuk and our Trainee Challenge.
🎟️ £12.50pp or £70 per table of 6.
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https://tinyurl.com/2v3mc2u7
#EmploymentLaw #HR #TUPE
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Are your contracts ready? Make sure they cover who provides the levy information and who pays.
https://tinyurl.com/2p9pbscv
#BuildingSafetyLevy #Construction #BuildingSafety #ConstructionLaw #Contracts
Oct 7
Join us on 11th November for our seminar: When Trauma Shapes the Narrative – understanding and working with PTSD
We`ll look at how PTSD develops after significant trauma, its impact on rehabilitation in a medico-legal context, and evidence-based treatments including Trauma Focused CBT and EMDR.
Led by Craig Thompson, CBT Therapist at Talking House North East, and Barry Lehane RGN, LLM., Case Manager at Empowering U
📍 Sintons, The Cube, Newcastle
🕓 Arrival 4.00pm | Seminar 4.30pm
Book your place - https://tinyurl.com/zd3tk254
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