Deed of appointment terminating discretionary trust—appointments in favour of adult beneficiary absolutely and in favour of minor beneficiary contingently on attainment of specified age
Deed of appointment terminating discretionary trust—appointments in favour of adult beneficiary absolutely and in favour of minor beneficiary contingently on attainment of specified age

The following Private Client guidance note provides comprehensive and up to date legal information covering:

  • Deed of appointment terminating discretionary trust—appointments in favour of adult beneficiary absolutely and in favour of minor beneficiary contingently on attainment of specified age
  • Background
  • The Schedule

This Deed of appointment is made on [date] by [trustees] of [addresses] (the Trustees)

Background

  1. (A)

    This deed is supplemental to [the Will of [testator] late of [address] dated [date] (the Will) OR a settlement dated [date] and made between [parties] (the Settlement).]

  2. (B)

    The Trustees are the present trustees of the [Will OR Settlement].

  3. (C)

    The property is now subject to the trusts of the [Will OR Settlement] and consists of the investments [and cash] set out in the schedule.

  4. (D)

    The Trustees intend by this deed to exercise the power of appointment given to them by clause [number] of the [Will OR Settlement].

  5. (E)

    In this deed the Trust Period has the same meaning as the [Will OR Settlement].

This Deed of appointment WITNESSES

  1. 1

    Exercise of power