This is a limited preview — please sign in or subscribe to learn everything we know about the term “discretionary trust”.

discretionary trust

noun

Definitions of discretionary trust

  • a trust in which the beneficiaries’ shares are not fixed in the trust deed but are decided by the trustees (=person controlling property under trust on behalf of beneficiary) as they think appropriate

    "The wealthy couple would like to set up a discretionary trust in favour of their two children."

Phrase Bank for discretionary trust