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Legal Terms – Immediate Post-Death Interest Trust
A trust arrangement granting a beneficiary an immediate right to income from a deceased person’s estate. For inheritance tax purposes, assets in such a trust are treated as belonging to the beneficiary rather than the estate.
A trust arrangement granting a beneficiary an immediate right to income from a deceased person’s estate. For inheritance tax purposes, assets in such a trust are treated as belonging to the beneficiary rather than the estate.
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