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Question of the week: How does abatement apply where a testator has left £50,000 to trustees on discretionary trusts and £50,000 to a family member, but there are insufficient funds to settle the legacies in their entirety?

Published on: 15 January 2025

Article summary

This Q&A considers how abatement applies where a testator has left £50,000 to trustees on discretionary trusts and £50,000 to a family member, but there are insufficient funds to settle the legacies in their entirety.

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