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Devilish distributions

29 August 2007
Issue: 4123 / Categories: Forum & Feedback

I have been, since its establishment 25 years ago, a trustee of a settlor-interested trust. The only capital asset was a large shareholding in a company founded by the settlor and expected to flourish, though not to the amazing extent it has now achieved (this year's income will be over £500,000). The beneficiaries are the settlor (now very old), his family and charities.

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