Please explain why a settlor would choose to create a Discretionary Trustover an Absolute Trust.Adam and Liz are married and they have two children: Robert, age 32, andClare, age 28, that are financially independent. Robert is married and hasone child and Clare is going to get married. Both Robert and Clare areplanning to have more children.Adam's and Liz's total estate compromises of:Joint owned property:Adams's ISA:Liz's ISA:Adam's pension:Liz's pension:Cash savings (joint account):Adam's VCTS:Joined owned Buy to Let property:£1,500,000£350,000£200,000£870,000£650,000£230,000£150,000£350,000They also have the two following mortgages:Mortgage on residential property: £130,000Buy To Let mortgage: £80,000

A settlor might choose to create a Discretionary Trust over an Absolute Trust for several reasons.…

Answered: Please explain why a settlor would…

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