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Difference between revisions of "Making and Executing a Will (16:III)"
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Making and Executing a Will (16:III) (view source)
Revision as of 22:52, 4 August 2020
, 22:52, 4 August 2020no edit summary
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* Set out a discretionary schedule of payments; | * Set out a discretionary schedule of payments; | ||
* Grant a power of encroachment and/or a direction to pay income; | * Grant a power of encroachment and/or a direction to pay income; | ||
* Leave a deceased beneficiary’s share to | * Leave a deceased beneficiary’s share to their children if they die before reaching the age of vesting. If they have none, then the trust should direct who receives the remainder of the share. | ||
* Give the Trustee discretion to invest outside the ''Trustee Act'', only if | * Give the Trustee discretion to invest outside the ''Trustee Act'', only if they are acquainted with business matters. | ||
* SAMPLE: “If anyone becomes entitled to any part of my estate, is under the age of majority, and I have not specified terms in this will on which my Trustee is to hold that part, I direct my Trustee to hold that part, and: | * SAMPLE: “If anyone becomes entitled to any part of my estate, is under the age of majority, and I have not specified terms in this will on which my Trustee is to hold that part, I direct my Trustee to hold that part, and: | ||