This document creates a simple trust for the benefit of a single beneficiary and his or her family. The income of the trust fund is payable to the beneficiary (called the 'life tenant') for his or 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. The trust property is placed in the hands of specifically named trustees. This arrangement provides the life tenant with financial assistance during their lifetime while ensuring that control is maintained over the ultimate disposal of the capital assets to other members of the family.
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