Understanding How Discretionary Trusts Work - SmartAsset
A discretionary trust allows the trustee to use discretion when distributing trust assets. Learn how discretionary trusts work here.
What is a Discretionary Trust? Definition & FAQs | Trust & Will
A Discretionary Trust is a special type of Trust that gives the Trustee the greatest amount of — you guessed it — discretion. While in most cases a Trust’s beneficiaries have some rights to …
What Does a Discretionary Trust Mean? - Wilson Law Group, LLC
A discretionary trust is a type of trust that is set up for the benefit of one or more beneficiaries. In this particular type of trust, however, the trustee is given full discretionary authority to decide …
What Is A Discretionary Trust? | Purpose Of A Discretionary Trust …
Jan 22, 2024 · A discretionary trust, also referred to as a discretionary support trust, is a type of trust set up for the benefit of one or more beneficiaries where the trustee has discretion over …
What Is the Difference Between Fixed and Discretionary Trusts?
Jun 30, 2022 · Discretionary trusts are an option when the grantor is concerned about their beneficiary's ability to manage the inheritance. These trusts may also be an answer if heirs are …
discretionary trust | Wex | US Law - LII / Legal Information Institute
Discretionary trusts are a type of irrevocable trust where the trustee has complete discretion on when and what amounts of assets to distribute to the beneficiaries. The beneficiaries have no …
Discretionary Trust - What Is It, Tax, Example, Pros & Cons
Discretionary trusts are trusts that one can set up on behalf of one or multiple beneficiaries. The trustee overseeing the trust can utilize their discretion to decide which beneficiaries will receive …
Discretionary Trust Definition & Meaning | Legal.com
Jul 5, 2024 · A discretionary trust is a type of trust where the trustee has the power or discretion to decide how the trust's income or capital will be distributed among the beneficiaries. The trust …
Understanding Discretionary Trusts: Definition and Examples
A discretionary trust offers a flexible and protective framework for managing and distributing assets among beneficiaries based on trustee discretion. This arrangement supports effective …
A guide to discretionary trusts - Keystone Law
Oct 3, 2023 · A discretionary trust is a flexible vehicle for protecting assets and keeping control of how and when they are distributed while potentially sheltering them from the death rate of …