A Memorandum of Wishes serves as a valuable non-binding document that delineates your intentions for trustees or executors regarding the management of your trust or estate. While it is not legally enforceable, it plays a critical role in clarifying your wishes, particularly in complex or sensitive situations.
Why consider one?
- It provides clear guidance on asset distribution, guardianship, and sentimental items.
- It minimises the potential for confusion or disputes.
- It honours and preserves your values and preferences.
If you have established a trust or seek additional clarity beyond your will this innovative and flexible tool is worth considering. For more information, please get in touch with us at [email protected].
Guest article by Cuthbert’s partner: Jodie Jones, Harper Jones Law.