Discover full dictionary
Change Library :
Discretionary Trust Meaning In Bengali
Discretionary Trust শব্দের বাংলা অর্থ কি: ফরমায়েশি ট্রাস্ট
Discretionary Trust
Definition
1) A discretionary trust is a type of trust in which the trustee has the discretion to decide how and when to distribute assets to the beneficiaries, rather than following strict guidelines or specific instructions laid out in the trust document.
2) A discretionary trust allows the trustee to make decisions based on the beneficiaries' needs, financial circumstances, and other relevant factors, providing flexibility in managing the trust assets.
3) In a discretionary trust, the trustee has the authority to exercise their judgment and discretion in distributing income or capital of the trust, providing a level of control and protection over the assets held in the trust.
Examples
Discretionary Trust Example in a sentence
1) The wealthy businessman set up a discretionary trust to ensure his children's financial future.
2) The lawyer advised her client to establish a discretionary trust to protect their assets.
3) The family decided to create a discretionary trust to provide for their grandchildren's education.
4) The trustees have the discretion to distribute the assets of the discretionary trust as they see fit.
5) The beneficiaries of the discretionary trust eagerly awaited news of any distributions.
6) A discretionary trust allows flexibility in how and when assets are distributed.
7) The discretionary trust stipulated that distributions could only be made for the beneficiaries' healthcare needs.
8) The discretionary trust document outlined the responsibilities of the trustees in managing the assets.
9) The grandparents established a discretionary trust to leave a legacy for their grandchildren.
10) The beneficiaries of the discretionary trust were grateful for the financial security it provided.
Synonyms
Encyclopedia
A discretionary trust is a type of trust in which the trustee has the discretion to decide how and when to distribute assets to the beneficiaries, rather than following strict guidelines or specific instructions laid out in the trust document.
A discretionary trust allows the trustee to make decisions based on the beneficiaries' needs, financial circumstances, and other relevant factors, providing flexibility in managing the trust assets.
In a discretionary trust, the trustee has the authority to exercise their judgment and discretion in distributing income or capital of the trust, providing a level of control and protection over the assets held in the trust.
# Over 2,50,000+ words