Discretionary Trust

Also found in: Dictionary/thesaurus, Legal, Wikipedia

0.01 sec.

Discretionary trust

In the context of mutual funds, refers to a mutual fund or unit trust whose management decides on the best way to use the assets without restriction to a specific type of security.
In the context of trusts, refers to a personal trust in which a trustee has the power of decision as to how much income or principal each beneficiary receives.

Discretionary Trust

A trust in which a trustee is able to make decisions without the need to consult others. For example, a discretionary trust gives the trustee the right to make significant investment decisions without permission from or even consultation with the trustor or the beneficiary. However, the trustee has a fiduciary responsibility to manage the assets as well as possible; decisions made in a discretionary trust must be made in accordance with the prudent man principle.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
Amministrazione generale fiduciaria Fideicomiso discrecional			By leaving qualifying shares in the will to a discretionary trust no inheritance tax will be payable and if, following the owner's death, the company is sold the cash proceeds will be paid into the trust. Wealth protection for the owners of family businesses; Wealth & ... by The Journal (Newcastle, England) Trusts can be divided into any number of different kinds, but in many cases people divide them into two types; the fixed trust and the discretionary trust In a fixed trust, the beneficiaries and the amounts to be paid to them are decided in advance and specified by the testator as part of the text of the agreement Trusts can be divided into any number of different kinds, but in many cases people divide them into two types; the fixed trust and the discretionary trust. What Is a Hybrid Trust? by Heather Eagar / Law community And where investment companies are involved a husband and wife could, between them, transfer assets worth up to pounds 624,000 to a discretionary trust, free of inheritance tax provided their nil rate bands remain unused. Downturn chance for tax reduction by Birmingham Mail (England)			Discount Window Discount Yield Discounted Basis Discounted Bill discounted cash flow Discounted Cash Flows Discounted dividend model Discounted in/by Market Discounted payback Discounted Payback Period Rule discounting Discounting the News Discouraged Worker Discrepancy Discrete compounding Discrete Random Variable Discrete Variable Discretion Discretionary Account Discretionary ARM Discretionary Cash Flow discretionary income Discretionary Order Discretionary Proposition Discretionary reserves Discretionary Trust Discriminate analysis discrimination Diseconomies of Scale Disgorgement Dishonor Disinflation Disinflation Stock disintermediation Disinvestment Diskontsatz Disloyalty Fee Dismissal for Cause Dismissal of Petition Disoccupazione Disoccupazione ciclica Disoccupazione forzata Disoccupazione frizionale Disoccupazione tecnologica Disolucion del consorcio colocador Disorderly Market disparate impact Disparidad salarial Disparity Index Dispensa Dispersion			Discretionary access control Discretionary Access Control List Discretionary Access Control Mechanism discretionary account discretionary account discretionary account Discretionary Accounts Discretionary Accounts Discretionary ARM Discretionary cash flow Discretionary Cash Flows Discretionary Conditional Release Discretionary Housing Payment discretionary hyphen discretionary income discretionary income Discretionary Managed Account Discretionary Net Worth Discretionary order Discretionary order Discretionary Orders Discretionary Orders Discretionary Participation Feature Discretionary Portfolio Management Discretionary power Discretionary Proposition Discretionary Propositions Discretionary reserves Discretionary Serious Youthful Offender Discretionary Training and Continuing Education Travel Discretionary Trust discretionary trusts discretionary trusts discretionary trusts Discretisation Discretisation Discretised Discretised Discretive Discretive Discretive proposition Discretively discretization discretization Discretization error Discretization method Discretization method discretize discretize Discretized Continuous White Noise Acceleration Discretized Distributes Approximating Function Discretized Light-Front Quantization Discretized Path Integral Representation Discretized-Phase Bahl-Cocke-Jelinek-Raviv discretizing measurement discretizing measurement discretizing measurement discretizing measurement discretizing measurements Discrimant Discrimant

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.