SolvedTSEM6202 | Legal background to trusts & estates: splitting an absolute interest
From HM Revenue & Customs · Trusts, Settlements and Estates Manual
A person with an absolute legal interest can create beneficial interests over that asset. He can
retain the legal interest, or
pass the legal interest to trustees, or
transfer the legal interest to a nominee while retaining the beneficial interest.
TSEM6213 explains how this division can create a trust