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Home / News / Commentary / Role of trustee made easier with ‘letter of wishes’ (access required)

Role of trustee made easier with ‘letter of wishes’ (access required)

Before she died, one of your long-term clients appointed you as trustee of a family trust for the benefit of her three children, currently ages 18, 23 and 28. As trustee, you are given absolute discretion over trust distributions, guided only by the terms “health, education, maintenance and support,” without regard to equality of distributions. (The ...

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