In trust law, a letter of wishes is a tool used by a settlor when setting up a trust, to pass along information to the trustees. A letter of wishes usually contains instructions or extra information for the trustees. The trustees are not legally bound to follow a letter of wishes, but it is guidance that they must take into account and in practice it is usually followed.[1] It is mainly used because it is easy to change, unlike amending a will or trust deed, and will remain private among the trustees.
References
edit- ^ Bonas, Womble Bond DickinsonLLP-Will; McLaughlin, Fiona (25 February 2021). "What you need to know about a letter of wishes | Lexology". www.lexology.com. Retrieved 2021-05-04.
 | This law-related article is a stub. You can help Wikipedia by expanding it. |