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Discretionary diversion

18 May 2006
Issue: 4058 / Categories: Forum & Feedback , HMRC powers
We advise the trustees of a discretionary trust, which was set up by a settlor (since deceased) for his children and grandchildren. He had three children, all of whom have children, and in some cases grandchildren, of their own. Unfortunately, the family has fallen out and now want to split the trust into three separate discretionary trusts, one for each branch of the family, which will otherwise be on the same terms as the original one.

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