Discretionary trust

Discretionary trust,

Definition of Discretionary trust:

  1. That gives a trustee the power to decide which beneficiary receives the funds and up to what amount. The settlor of the trust may (through an informal memorandum or letter of wishes) seek to provide guidance to the trustee but any attempt to restrict trustees discretion invalidates the trust. Since no asset is clearly identifiable with any beneficiary, creditors cannot attach the trust assets in payment of a loan or liability.

  2. A trust in which the number of shares of each beneficiary are not fixed by the settlor in the trust deed, but at the discretion of the trustees.

How to use Discretionary trust in a sentence?

  1. Trustees for a discretionary trust have what the name implies - the discretion to decide which children should receive capital income, and when.

Meaning of Discretionary trust & Discretionary trust Definition

Discretionary Trust,

What Does Discretionary Trust Mean?

  1. Discretionary Trust definition is: An agreement under which TRUSTEE has the power to make INVESTMENT decisions and controls investments under the trust instrument.

Literal Meanings of Discretionary Trust

Discretionary:

Meanings of Discretionary:
  1. Available for use at user's discretion.

Sentences of Discretionary
  1. Rules are certainly less flexible than explicit policies

Synonyms of Discretionary

elective, non-compulsory, voluntary, open to choice, non-mandatory, up to the individual, at one's discretion, optional

Trust:

Meanings of Trust:
  1. Believe in reliability, truth, skill or power.

  2. Credit permission for (customer)

  3. Someone's reliability, accuracy, skill or strength or firm belief in something.

  4. An arrangement in which a person (trustee) retains the property as a nominal owner for the benefit of one or more beneficiaries.

  5. A large company that owns the market or wants to monopolize the market.

  6. Business credit

  7. A hope or expectation.

Sentences of Trust
  1. I should never have believed that

  2. Relying on sailors is forbidden.

  3. Relationships will be based on trust

  4. A trust is established

  5. He himself will use the rhetoric of progressive reform to store and turn his supporters into a man of money, monopoly and trust.

  6. My master lives with confidence in a flood

  7. All the big secrets of femininity

Synonyms of Trust

have faith in, reliance, believe in, faith, pin one's hopes on, confidence, protection, place one's trust in, pin one's faith on, keeping, certitude, charge, certainty, freedom from suspicion, custody, safe keeping, freedom from doubt, conviction, have confidence in, credence, assurance, put one's trust in

Discretionary Trust,

Definition of Discretionary Trust:

  • An agreement in which the representative is authorized to make investment decisions and controls the investment based on the representative's actions.

Literal Meanings of Discretionary Trust

Discretionary:

Meanings of Discretionary:
  1. Available at user's discretion.

Sentences of Discretionary
  1. The discretionary bonus increased at the end of the year.

Synonyms of Discretionary

unrestricted, discretional, permissive

Trust:

Meanings of Trust:
  1. Strong belief in the reliability, accuracy or capability of someone or something.

  2. An arrangement under which a person (trustee) retains property as a nominal owner for the benefit of one or more beneficiaries.

  3. A large company that owns or seeks to gain market monopoly control.

  4. A hope or a hope.

  5. Believe in reliability, accuracy or ability to do so.

  6. Allow (customer) credit.

Sentences of Trust
  1. Relationships should be based on trust.

  2. My master lives in a kitchen with confidence.

  3. All the great secrets of femininity

  4. It is forbidden to trust sailors.

Synonyms of Trust

put/place one's trust in, depend on, bank on, count on, pin one's hopes/faith on, be convinced by, rely on, sureness, guardianship, care, have (every) confidence in, trusteeship, confide in, swear by, be sure of, freedom from suspicion/doubt, belief

Discretionary Trust

An agreement under which TRUSTEE is authorized to make INVESTMENT decisions and control investments under the instrument of TRUST.