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Client is making a will and leaving a residue of her Estate ( after specific bequests ) to be divided equally to her children. A child’ share of said residual could be significant , say €100k , and there are concerns over one child’s financial prudence etc. such that the residue amount is to be held in trust and released at say €5k per annum until exhausted.
Does this create a discretionary trust ? are there adverse taxes arising from this “deferral” of the residue element of the inheritance ?

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Asked on 26 November 2018 12:27 pm