TRS for Life Interest Trusts

Trusts Discussion
1

Hi all,

I have a life interest trust set up in the Will of “A” leaving her husband “H” as life tenant and her daughter “D” as remainderman. TRS registration was not completed within the two year period after A’s death. H has now died.

As I understand, the trust will need to be registered on TRS as the property has not yet vested in D.

When completing the Beneficiaries section on TRS, would I put H’s details in as beneficiary, or just D?

Thanks :slight_smile:

2

As the trust is effectively a bare trust for D at the time of registration, I would just include D as absolute beneficiary.