I have an estate where there is a portfolio which passes into a life interest for spouse followed by a discretionary trust which has been drafted for issue. In other words the issue cannot all be ascertained and, whilst the default of appointment is clear to named beneficiaries, obviously there may still be some issue yet to be born etc. In the circumstances
Do we have to establish and register the trust on the TRS? As income will be mandated all to spouse I assume not but am unclear
I assume we then draft a deed of appointment to appoint out to the spouse absolutely as we cannot do a deed of variation to simply remove the discretionary trust
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