|
 index | back page | next page 
Discretionary Wills
-
Some wills may contain a clause conferring on executors overriding
powers of appointment in favour of a specified class of beneficiary.
-
This power is perhaps more useful and flexible than variations,
which apply usually only to adult beneficiaries, and only with their
consent.
-
Discretionary wills provide the executors with time (2 years) to
consider how much is available in the estate and how best to distribute
in the light of that knowledge.
-
Best suited for individuals who require maximum flexibility in
determining the eventual beneficiaries of an estate.
|
