How to you remove a beneficiary?

This will be dependant upon the relevant rules of the Trust Deed. In saying that, in most cases, a beneficiary is removed by renunciation (i.e. the beneficiary in writing renounces his/her interest as a beneficiary in the trust) or the trustee makes a declaration that from a certain date the beneficiary will no longer be a beneficiary. Specialist legal advice is required so as to make sure that any resettlement issues do not occur.

Was this article helpful?
0 out of 0 found this helpful
Have more questions? Submit a request