Discretionary Trust A common type of trust that grants the trustee broad power to decide when and how much income or property to distribute to a beneficiary.
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DISCRETIONARY TRUSTS - Those which cannot be duly administered without the application of a certain degree of prudence and judgment; as when a fund is given to trustees to be distributed in certain charities to be selected by the trustees.
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Non-Discretionary Trust
It is a trust where the trustees invest only in those securities that were mentioned at the time of making the trust ; ...
Discretionary Trust:
A trust in which the settlor has given the trustee full discretion to decide which (and when) members of a group of beneficiaries is to receive either the income or the capital of the trust.
non-discretionary trust
n. a trust in which the trustee is directed to invest only in specifically named securities and to diversify the investments among certain types of securities.
Related Terms: Discretionary Trust, Sprinkling Trust
In Security Pacific, Justice O'Scannlain wrote: ...
 See also: Trust, Law, Trustee, Attorn, Public
  
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