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Fixed Trusts

A fixed Trust is a trust in which the Beneficiaries' entitlements are fixed in nature.  Each of the Settlor's close family members may be entitled to £10,000 per annum for life for instance, or each can have distributed to them some specified family heirloom.  Often trusts have both fixed and discretionary elements.

With a trust that is wholly fixed in nature, the trustees will not have any discretion.  A Letter of Wishes therefore is not necessary.

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