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discretionary trust
noun
- a trust in which the beneficiaries' shares are not fixed in the trust deed but are left to the discretion of other persons, often the trustees
Example Sentences
Instead, it might be worth considering an “accumulation” or discretionary trust, which allows required I.R.A. withdrawals to remain and grow in the trust.
In a statement released on Saturday, Mr Sarwar said he had signed a discretionary trust deed that meant he could never access the assets.
Critics have said the "half-blind" discretionary trusts would allow Trump to sidestep conflict-of-interest rules and would be inappropriate, according to Politico.
Separately, Politico reported on Wednesday that Trump's transition team is considering the use of discretionary trusts to avoid conflicts of interest for Trump family members or administration officials.
Alpine said it was established in 2010 and has a single shareholder, a discretionary trust called the Troika Trust.
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