immediate post-death interest trust
As defined by the Inheritance Tax Act 1984 s 49(A), a trust established under a will such that the beneficiary is entitled to receive the income of the trust immediately on the date of death of the testator. The assets of such a trust are treated as forming part of the estate of the beneficiary for inheritance tax purposes. A trust arising on an intestacy where a surviving spouse of the intestate has a life interest in the estate also qualifies as an immediate post-death interest trust.

• use upon a use
• usual covenants
• usufruct
• utilitarianism
• utility model
• uti possidetis
• utter Bar
• vacantia bona
• vacant possession
• vacations
• vaccine damage payment
• vagrant
• valuable consideration
• value
• value-added tax
• valued policy
• value received
• vandalism
• variance
• variation of trust
• variation to an estate
• ante litem motam
• antenuptial agreement
• antenuptial settlement
• anti-avoidance provisions