Simple life interest trust for adult life tenant and family

This document is intended to be a simple trust for the benefit of a single beneficiary and his/her family. The income of the trust fund is payable to the beneficiary (called the 'life tenant') for his/her lifetime. On the life tenant's death, the income is payable to the life tenant's widow or widower and thereafter both the capital and income of the trust fund are payable to the life tenant's children in equal shares. Please note that this document is only for use in England & Wales and Northern Ireland.