What is Discretionary Trust?
A trust where property is set aside with directions that it be used for the beneficiary, but with the trustee having the discretion to accumulate, rather than pay out at regular intervals the income generated by the trust.
Related Wills Trusts And Estates Terms
Pass the Bar, Guaranteed
BarPrepHero Premium offers the most complete collection of real bar exam questions licensed directly from NCBE (the organization that writes the exam).