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
discretionary trust in Finance
(dɪskrɛʃənɛri trʌst)
Word forms: (regular plural) discretionary trusts
noun
(Finance: Investment)
A discretionary trust is a trust where the amounts paid to the people named are not fixed but are decided by the trustees.
The management of a discretionary trust decides on the best way to use the assets without restriction to a specific typeof security.
A discretionary trust gives the trustee discretion to pay out any trust income deemed desirable to a deceased'ssurviving spouse during his or her lifetime.
A discretionary trust is a trust where the amounts paid to the people named are not fixed but are decidedby the trustees.
Examples of 'discretionary trust' in a sentence
discretionary trust
Setting up a discretionary trust may be useful for you.
Times, Sunday Times (2010)
It is a single premium insurance bond with a discretionary trust behind it.
Times, Sunday Times (2015)
Insurers use a standard discretionary trust.
Times, Sunday Times (2012)
A married couple can make their home more tax-efficient by setting up a discretionary trust.