bn:00027537n
Noun Concept
Categories: Wills and trusts
EN
discretionary trust  family trust
EN
A trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate WordNet 3.0
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EN
A trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate WordNet 3.0 & Open English WordNet
In the trust law of England, Australia, Canada and other common law jurisdictions, a discretionary trust is a trust where the beneficiaries and/or their entitlements to the trust fund are not fixed, but are determined by the criteria set out in the trust instrument by the settlor. Wikipedia
Trust where the beneficiaries and/or their entitlements to the trust fund are not fixed but are determined by the settlor Wikidata
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