Letters of Wishes
There are many reasons for putting a Letter of Wishes in place, some examples are given below:
- List of personal possessions to be gifted to family and friends
- Explanation and guidance as to how a Trust is to operate
- Reason as to why an individual has not been included
- Explanation as to the appointment of Guardians
- Wishes as to how a Discretionary Trust is to operate
These are just some of the most common situations where a Letter of Wishes would be put into place.