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discretionary trust

/dɪˈskreʃənəri trʌst/

1 entry

phrase

/dɪˈskreʃənəri trʌst/C1formallegal
  • ruЮридическое соглашение, при котором доверительный управляющий имеет право решать, как и когда распределять активы или доход среди бенефициаров, а не следовать фиксированным правилам.

A legal arrangement where a trustee has the authority to decide how and when to distribute assets or income to beneficiaries, rather than following fixed rules.

  1. Trust with flexible distributionC1formal

    A type of trust where the trustees have the authority to decide how and when to distribute the trust's income and capital to the beneficiaries.

    ruДискреционный траст

    • The lawyer explained the benefits of setting up a discretionary trust for the family.
    • Under a discretionary trust, the trustees can choose which beneficiary receives funds each year.
    • He placed his assets in a discretionary trust to provide for his children's education.