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Discretionary trust
bouicca21
Posts: 6,760 Forumite
When I made my will the solicitor who drafted it did so in terms of a trust. My ex has also made a will, different solicitor. His is much simpler, no mention of a trust, just the way his estate is to be split between heirs. Both of us want the same result - that whatever we own at our deaths will be split equally between our children ( with a saving covering rights of any grandchildren if the parent predeceases).
So what's with this trust stuff? If it is necessary, why is the ex's different? Should one or other of us get further advice?
So what's with this trust stuff? If it is necessary, why is the ex's different? Should one or other of us get further advice?
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Comments
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Estates automatically become trusts sometimes the will just describes the default situation potentially with modifications.
Without seeing the words in yours no one can say how different it would be to the default.0
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