The Deceased’s children are the beneficiaries of their late father’s Will.
They wish to save IHT by varying the Will under S142 IHTA to give their step-mother an IPDI and claiming spouse exemption.
However, they only want their step-mother to receive income for the shortest possible period (2 years from their father’s death).
The question is can they limit the income period even further by only giving their step-mother income from the date of the deed of variation? Will this count as an IPDI, or must their step-mother receive income from the date of death?