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Of course for "Person A" etc. it would have the person's name there. What's wrong with the other wording? It's a fixed sum to one person & the remaining balance to the 2nd person.

Thanks again for your comments. Yes I've seen examples where usually a % is being distributed, but if a fixed amount was used, eg. $10k to Person A and the balance to Person B because this is the most beneficial, is simple wording sufficient like the below? For example in the resolution it...

Thanks for both your comments. To clarify, a resolution must be made before 30th June naming the individuals who will receive the distributions & amounts they will receive, but the actual distribution can be made after 30th June, correct? Considering that rental income paid by the tenant for...

A quick question, if a discretionary trust has rental income for this financial year, all the rental income (excluding any GST collected (commercial property)) must be distributed before 30th June, is that correct? Or is it that only the intended amount or percentage to be distributed between...