The Settlor’s overarching intention is that the Trust be administered with a long-term perspective, combining prudence, discretion, and professional judgment, while allowing beneficiaries to enjoy a stable, dignified, and coherent lifestyle consistent with their historical standard of living.
The Trustee is encouraged to consider distributions that allow the principal beneficiary to maintain an established lifestyle, including but not limited to:
While no beneficiary is intended to have any fixed entitlement, the Settlor expresses the wish that income and, where appropriate, capital distributions may be considered to support meaningful life projects, significant personal milestones, or strategic opportunities, provided such distributions remain compatible with the Trust’s long-term purpose.
The Settlor explicitly recognizes and respects the full fiduciary independence of the Trustee. Decisions relating to distributions, investments, and administration shall be made exclusively by the Trustee in accordance with the Trust Deed and applicable law.
The Settlor envisages the Protector as a safeguard of structural integrity rather than a participant in daily administration. The Protector’s role is to ensure that the Trust remains aligned with its foundational purpose and protected against governance drift.
Circumstances, regulations, and personal situations evolve. The Settlor therefore wishes the Trustee to interpret this Letter with flexibility and contextual intelligence, adapting its application to future realities while preserving the Trust’s core principles.