Similar words: discretionary, discretionary income, discretionary spending, discretional, discretion, at discretion, indiscretion, discretization. Meaning: n. a trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate.
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1. He transfers assets to a discretionary trust.
2. Mr X gives property to an overseas discretionary trust.
3. The trust was a discretionary trust.
4. There may, for instance, be a foreign discretionary trust which wishes to acquire a lease in the United Kingdom.
5. Wealth Protector, which combines a discretionary trust with a choice of investment plans.
6. A specific type of express trust is a discretionary trust.
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