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discretionary trust

   Also found in: Legal, Financial, Wikipedia 0.03 sec.
discretionary trust
n
(Economics, Accounting & Finance / Banking & Finance) 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
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.discretionary trust - a trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate
trust - something (as property) held by one party (the trustee) for the benefit of another (the beneficiary); "he is the beneficiary of a generous trust set up by his father"


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The possibilities include: a total discretionary trust, such as allowing trustees, within their discretion, to pay the income beneficiary trust income and/or trust principal; an inflation adjusted annuity trust; and a unitrust requiring fixed distribution of the trust corpus paid annually.
The power to adjust: expanding the trustee's management tools by Jaffer, David / California CPA
Wilmington Trust provides directed and discretionary trust and custody services for more than 1,300 clients across a variety of qualified and non-qualified employee benefit plans, including defined benefit plans, defined contribution plans, profit sharing plans, money purchase pension plans, 403(b)s, 457s and Taft-Hartley plans, among others.
Wilmington Trust Corporate Retirement Services Names Ashley Melton ... by Business Wire
Example 1: P, a parent, transfers $10,000 a year for 10 years to a discretionary trust for a child, C, and such descendants of C, which will terminate and distribute to C when C reaches age 35.
AICPA's legislative solution to the GST tax exemption allocation trap by Sawyers, Roby B. / The Tax Adviser
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