Abstract

Abstract This article considers whether the memorandum of wishes is trust information that should be disclosed to a beneficiary of a discretionary trust. The memorandum of wishes makes for interesting discussion as it is generally a non-binding document that can assist trustees when they exercise their discretionary power. To answer the question whether and when the memorandum of wishes should be made available to beneficiaries is not straightforward. The theory of why beneficiaries have the right to access trust information, case law that has unfolded on this issue, and the impacts of the Trust Act 2019 all play a role in making this assessment.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.