Will giving residue to spouse or civil partner on IPDI trust with no overriding power of appointment, default to 18 to 25 trust, with nil rate band trust | Practical Law
A will giving the residuary estate to a spouse or civil partner on immediate post-death interest (IPDI) trusts with no overriding power of appointment, with a default gift to an 18 to 25 trust for the testator's children. It includes gifts of personal possessions (personal chattels), money (pecuniary legacies) and a nil rate band discretionary trust.