This precedent is a template letter from settlor establishing discretionary trust.
The letter is to be addressed and provided to the trustee.
This precedent should be used in association with the precedent “Discretionary Trust Deed”, when the settlor establishes the Discretionary Trust.
This precedent has been authored for LexisNexis by Selwyn L Black Peter D Carroll, Carroll & O’Dea and updated by Jane Garber-Rosenzweig, Gable Lawyers.
This precedent is prepared with the assistance of Specialist Editor Stephen Newman, Executive Counsel, Ponte Earle.