Statement / letter of wishes to provide general guidance to the Trustee on distribution of Trust Fund and set out the reasons for distribution. While the document is not legally binding, it can have strong moral sway.
Although the donor knows that the donor may not restrict the discretion of the Trustee in any way, the donor expresses the wish that the Trustee have due regard to these wishes when administering the estates. This statement supersedes and revokes entirely any previous letter / statement that the donor may have prepared in relation to to the will. In particular, the donor would like to express his / her wishes in relation to regular and one-off distributions.
statement of wishes,
letter of wishes,
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