Category: Trusts
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6 occasions to review your will
What follows are 6 occasions on which you should review your English and Welsh will.
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What does it mean to own property as joint tenants or as tenants in common?
With a joint tenancy, the co-owners own 100% of the property simultaneously. And if, for example, a property were to be owned by two joint tenants and one of those owners were to die, the surviving owner would become the sole owner: this is known as the ‘right of survivorship’. With a joint tenancy, the…
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What is a discretionary trust?
A discretionary trust is a type of trust where the trustees have complete discretion to pay or apply the income or capital of the trust fund for the benefit of one or all of the beneficiaries. No particular beneficiary has an interest in the trust or an entitlement to the trust funds – they only…