A will creates a life interest in the deceased’s share of the property for her spouse. The remainder beneficiary is the deceased’s child (or the child’s issue if she fails to obtain a vested interest). The trustees have the power to pay the deceased’s share of the property to the life tenant, the child or the child’s issue (none currently). The life tenant wants to terminate his IIP in favour of the child. I understand this will be regarded as a PET by him. What I am not clear on is what power the trustees need to exercise to end the IIP. I think they have both a power of appointment and also the statutory power of advancement but would welcome members’ views.