discretionary trust

British

noun

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

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Still, you have a menu of trust types to choose from: A lifetime discretionary trust gives the trustee power to decide when, how and why to distribute money.

From MarketWatch

Instead, it might be worth considering an “accumulation” or discretionary trust, which allows required I.R.A. withdrawals to remain and grow in the trust.

From New York Times

In a statement released on Saturday, Mr Sarwar said he had signed a discretionary trust deed that meant he could never access the assets.

From BBC

Critics have said the "half-blind" discretionary trusts would allow Trump to sidestep conflict-of-interest rules and would be inappropriate, according to Politico.

From Reuters

Separately, Politico reported on Wednesday that Trump's transition team is considering the use of discretionary trusts to avoid conflicts of interest for Trump family members or administration officials.

From Reuters

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023