|
|
| dis·cre·tion·ar·y trust (plural dis·cre·tion·ar·y trusts) |
noun |
|
| Definition: |
| |
1. trust in which trustees assign shares: a trust in which somebody other than its founder, e.g. a trustee, determines the beneficiaries' shares
|
2. trust with trustee making decisions: a trust in which the trustee has full discretion to decide which beneficiaries will receive what parts of the trust when it is distributed
|
|
Hotmail
Messenger
My MSN
MSN Directory
