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How to distribute a discretionary trust.
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YoungBlueEyes wrote: »If I were the OP, I'd divide the pot into sixths and pay myself 3/6. Then I'd write a personal cheque for 1/6 each to the lady's mentioned charities. Then I'd have peace of mind that I'd done the best I could with the vague hand I'd been dealt.
What about the other 1/6th?
Each to their own but personally I wouldn't take half the trust's money for myself and cut out the other three beneficiaries unless it was enough to run off to Belize or somewhere else I could keep my assets secure from legal action in the UK, for the rest of my life. Even if I have full discretion to do so and certainty that a court would find in my favour, it fails the "could I sleep at night" test.0
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