Deceased’s brother, EH, is Exor and sole benef in estate worth approx. £500K. EH wishes to vary Will as follows:
20% to him
20% to one daughter
20% to disabled son on Discretionary Trust
20% to other daughter on Discretionary Trust re: her money issues/benefit retention - believed likely will be appointed out in a year or two
20% for two minor grandkids, one born to each daughter. This to age 25 though held on Discretionary Trust.
I explained could have one Discretionary Trust but EH prefers these to be more defined.
Firstly, am I correct in thinking DoV can do as suggested?
Secondly, for CGT, can a Memo of Appropriation be prepared to provide 5 x CGT allowances? As the property is likely to sell for £40K above HMRC approved probate value, this has obvious benefits but I am not sure if this would work with the Trust element.