Are future spouses, children, trusts, etc. all included as beneficiaries of the discretionary trust?
Yes. The definition of "spouse" in the deed includes any spouse "from time to time", and the "further issue" of any of the relevant beneficiaries are also included as beneficiaries. In addition, most companies in which any relevant beneficiaries hold shares, and trusts in which any relevant beneficiaries have an interest or potential entitlement, whether or not the trust existed at the time the trust was set up, are also included as beneficiaries.