The deceased left the residue in her will to a discretionary trust that she set-up during her lifetime
The executors of her estate and the trustees of the trust are same. The beneficiaries of the Trust are the trustees and their adult children. The trust stipulates different % share to be distributed to the beneficiaries when the Trust is closed
The trustees want to vary their residue share that is going to the trust. They want to vary their share to their adult children. Can this be achieved if all the Trustees and beneficiaries sign a Deed of Variation OR it cannot because it is a discretionary trust
Thank you
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