IHTM20551 - Split or Retained Interest Trusts: Introduction
Split, or retained interest, trusts are products offered by insurance companies which enable the rights under a policy or bond issued by the insurance company to be split between the settlor and the settlor바카라 사이트™s chosen beneficiaries. They come in two general forms. Single lump sum investments (IHTM20552) where the settlor retains a portion of the fund, and regular premium policies (IHTM20554) where the alternative benefits payable under the policy are held for different beneficiaries.