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.
--b-- ...
Sometimes they also have a discretion as to the form in which disposition is to be made, and even though discretionary trusts normally involve funds so that they will issue cheques, this will allow them to transfer shares or stock, for instance....
 See also: Reference, Attorn, Discretionary trust, Discretion, Trustee
  
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