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Form D81

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dingalo
Posted by
New Member

31 Aug 20 #513915 by dingalo

Topic started by dingalo

Completing the form D81 and there are no problems except for one matter. My grandfather set up a Discretionary Trust in the 1990's and I am included as one of the 'potential beneficiaries'. The Trust to date has not paid out either income or capital to anyone so I have, neither before or during marriage received any benefit from it. Does the trust have to be included somewhere on form D81 and at what value?

hadenoughnow
Moderator

06 Sep 20 #514017 by hadenoughnow

Reply from hadenoughnow

I would say it has no current value.

Is your ex aware of it? You do need to ensure it has been disclosed before final agreement is made.

Hadenoughnow

dingalo
Posted by
New Member

09 Sep 20 #514065 by dingalo

Reply from dingalo

Yes, I have fully disclosed the existence of the Discretionary Trust and the fact that i am one of the potential beneficiaries.
One further question. I have agreed to pay my wife the sum of £80K . Should I include that in the liabilities section of form D81?

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