I have received an enquiry from a client who is an executor and trustee of a Will. The Will states
the residuary estate…
- For my daughter xxx upon her attaining the age of 30 years
- provided that if said daughter dies or gift fails for any other reason then my Trustees shall hold residuary estate for xxx
Daughter is 29 years old and trustees wish to end trust and give to her now before she is 30. Can this be done and by what authority? Can this be done under S32 even if deceased died prior to 2014 (ie only half can be advanced)
Thanks in advance.