Trusts Unpacked | Episode 12: Letters of wishes. скачать в хорошем качестве

Trusts Unpacked | Episode 12: Letters of wishes.

Soft power done properly.Episode 12 examines the key issue of letters of wishes and why they are a form of soft power that must be handled with care. It explains that letters of wishes are not legally binding instructions, but contextual guidance intended to helptrustees understand the settlor’s thinking. The episode explores how well-written letters support trustee independence, while poorly written ones create pressure, confusion and risk. It looks at tone, restraint and longevity, and why explaining purpose and values matters more than prescribing outcomes.The central message is that letters of wishes should guide judgment, not replace it, and work best when they trust future trustees rather than try to control them.