What is the meaning of discretionary trust?

noun

  • A trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate. .
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). discretionary trust. Retrieved September 23, 2026, from http://smartdefine.org/discretionary_trust/definitions/1242964
ChicagoWordNet. 2010. "discretionary trust" http://smartdefine.org/discretionary_trust/definitions/1242964 (accessed September 23, 2026).
HarvardWordNet 2010, discretionary trust, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/discretionary_trust/definitions/1242964>.
MLAWordNet. "discretionary trust" 23 October 2010. Web. 23 September 2026. <http://smartdefine.org/discretionary_trust/definitions/1242964>
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