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Rayner my parade! The importance of specialist advice.
Jemma Brimblecombe
Many modern trusts are fully discretionary. The trustees might be empowered to apply the trust assets “...for such one or more of the beneficiaries, in such shares, at such ages, and on such trusts as my trustees shall, in their absolute and uncontrolled discretion, decide".
Three quarters of people in the UK support a charity during their lifetime. However, many people do not realise that providing for a charity in their Will is also an option for them.
A dispute over the will of the man who once produced the Beatles throws light on some of the issues that arise and may suggest how room for argument can be kept as narrow as possible though intelligent preparation.
Today there are over 11 million people in the UK aged over 65, and nearly 80% own their own home. Unfortunately, giving away the family home (whether outright or into trust) tends to be a pretty bad idea for a number of reasons…
Jemma Brimblecombe
Charles Richardson
Oliver Oldman
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