DISCRETIONARY TRUST
(noun)Definitions
There is 1 meaning of the phrase
Discretionary Trust.
Discretionary Trust - as a noun
A trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate
Example Sentences
"A discretionary trust allows the trustee to distribute the assets as they see fit."
"The beneficiaries of a discretionary trust have no automatic entitlement to the income."
"The settlor can choose to create a discretionary trust in their will."
"The discretionary trust gave the trustee the authority to withhold distributions."
"The discretionary trust was established for the benefit of the settlor's children."
