Furthermore, some future beneficiaries may not be made aware that they are to benefit (the trust may set a certain date or contingent event before the beneficiary benefits).It would undermine the intention of the settlor to verify the identity of the beneficiaries at the outset of the business relationship as this would inform them of the existence of a trust.
Furthermore, some future beneficiaries may not be made aware that they are to benefit (the trust may set a certain date or contingent event before the beneficiary benefits).It would undermine the intention of the settlor to verify the identity of the beneficiaries at the outset of the business relationship as this would inform them of the existence of a trust.