In the latest (13th) edition of this work some of the Will precedents do not include default clauses, even though the assets are held on discretionary trusts. Will 8 is one such case, which includes a discretionary trust of the NRB with residue to spouse absolutely or discretionary trusts if no spouse.
I just wondered why it is felt that no default clause is needed in this case, as the trusts themselves do not appear to be exhaustive?
Diana Smart
Gordons LLP