This document is to be used to add additional designated beneficiaries to an existing discretionary trust; where permitted under the existing Trust Deed.
When a Discretionary Trust is established generally key beneficiaries are named followed by their children and lineal descendants. More often than not a bucket company is also included. This deed of variation- Addition to Designated Beneficiaries- enables the Trustee to add those as specific beneficiaries, generally without a resettlement (where permitted under the existing Trust Deed).
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► The master document has been signed off by Abbott & Mourly and is congruent with Australian law.