Practice note from General Editors: estate proceeds trusts
Following on from Richard Williams’article, it has recently been raised with the General Editors, by estate planning professionals, that estate proceeds trusts (EPTs) can be utilised to establish a trust where a will has not done so. The suggestion being that this is a means to rectify an oversight by a testator who has omitted to incorporate a testamentary discretionary trust (TDT) in the will and a cheaper mechanism than an application for a statutory will.
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