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Is it possible to have a Leading Member Discretionary Trustee Company set up to take over trustee of a number of trusts without having had the trusts converted to Leading Member Discretionary Trusts?
Both the trustee company and trust don't have to be leading member at the same time, it's encouraged but not necessary if they will become a LM trust in the future
Please be advised this is general information only, and is not to be taken as legal advice. If you would like more information, or have a legal query, please contact Abbott & Mourly directly.
Reviewed: 17/01/2024
Reviewed: 17/01/2024