e/Interest in possession trust

Information
has gloss	eng: An interest in possession trust is a form of legal arrangement which gives a person a "present right to the present enjoyment of something" . At least one of the beneficiaries of this type of trust will have the right to receive the income generated by the trust (if trust funds are invested) or the right to enjoy the trust assets for the present time in another way, for example by living in a property owned by the trustees. The beneficiary with the right to enjoy the trust property for the time being is said to have an interest in possession and is colloquially described (though not always strictly accurately) as an income beneficiary.
lexicalization	eng: Interest in possession trust
instance of	c/Wills and trusts