letter of wishes

{{short description|Instructions to trustees, written by the settlor when creating the trust}}

In trust law, a letter of wishes is a tool used by a settlor when setting up a trust, to pass along information to the trustees. A letter of wishes usually contains instructions or extra information for the trustees. The trustees are not legally bound to follow a letter of wishes, but it is guidance that they must take into account and in practice it is usually followed.{{Cite web|last1=Bonas|first1=Womble Bond DickinsonLLP-Will|last2=McLaughlin|first2=Fiona|title=What you need to know about a letter of wishes {{!}} Lexology|url=https://www.lexology.com/library/detail.aspx?g=bb032dd5-8276-4548-bb62-c9808f080794|access-date=2021-05-04|website=www.lexology.com|date=25 February 2021|language=en}} It is mainly used because it is easy to change, unlike amending a will or trust deed, and will remain private among the trustees.