LIFE INTERESTS & REVERSIONARY INTERESTS
Specialist financial intererests are now handled by our sister company H.E. Foster & Cranfield Ltd. For more information and contact please visit their specialist website hefostercranfield.co.uk.
What are life interests and reversionary interests?
Life interests and reversionary interests most commonly arise under the terms of a trust. For example, under a will, assets may be placed in trust with income from those assets being paid until the death of a surviving spouse: upon the death of a surviving spouse, the asset will “revert” to the estate of the testator and subsequently be passed to the nominated beneficiaries of the testator (e.g. grandchildren or a charity). The surviving spouse is said to have a life interest in the assets of the trust and, while the surviving spouse is still alive, nominated beneficiaries are said to have a reversionary interest in the assets of the trust.
Foster & Cranfield
Traders & Valuers of Financial Rights & Interests
Foster & Cranfield Limited Registered in England
Authorised and regulated by the Financial Conduct Authority for the sale of financial interests