letter of wishes
Definition
Written, non-binding instructions by the person establishing a trust (the settlor or trustor) for the guidance of the trustee. The settlor must choose his or her words carefully to avoid the impression that there never was a complete renouncement of the assets transferred to the trust, or that the settlor is trying to make the trustee his or her 'pawn.' See also letter of instruction.
letter of wishes is in the Corporate, Commercial, & General Law subject.
letter of wishes appears in the definitions of the following terms: letter of instruction and discretionary trust
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