discretionary trust

British  

noun

1. 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

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Example Sentences

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

Alpine said it was established in 2010 and has a single shareholder, a discretionary trust called the Troika Trust.

From Reuters