Showing results for discretionary trust. Search instead for discretionary power.

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 • Feb. 16, 2026

A lifetime discretionary trust gives the trustee power to decide when, how and why to distribute money.

From MarketWatch • Feb. 16, 2026

If it’s really a problem, your Nana could also set up a discretionary trust that would dictate how and when her assets will be distributed.

From Slate • Sep. 9, 2021

Put all moveables and all cash and investments into a discretionary trust, and it passes to your heirs without tax as soon as you die, not even waiting for probate.

From The Guardian • Nov. 15, 2012

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