Thank you Paul and Andrew for your helpful replies on this.
I have now had instructions to prepare a life interest trust for two grandchildren. One is not yet born although will be by the time the first payment of income is to be distributed.
Within the wording of the trust document would you advise stating that the income is to be paid to the life tenants as tenants in common or beneficial joint tenants. (depending upon the wishes of the client)
Thanks again
Anna Stephenson
Swinburne Maddison LLP