Discretionary Trusts Law and Legal Definition
Discretionary Trusts are trusts which cannot be duly administered without the application of a certain degree of prudence and judgment. Discretionary trust is a trust in which the settler has delegated nearly complete or limited discretion to the trustee to decide when and how much income or property is distributed to a beneficiary. This is one of the most common types of trust used in estate planning.
Legal Definition list
- Discretionary Transaction
- Discretionary Spending
- Discretionary Power
- Discretionary Payment [Pay Administration]
- Discretionary Parole
- Discretionary Trusts
- Discriminant Index Function
- Discriminating Duty
- Discrimination
- Discrimination Affimative Action
- Discrimination Against Handicapped Individuals [Aviation Law]
