What is a discretionary trust?

A discretionary trust (also known as a Family Trust) is where the entitlements and trust property is not fixed to each beneficiary. In a discretionary trust, it is up to the trustee to decide the upon the portions of the trust property that each beneficiary receives. 

In a discretionary trust you must have:

* A trustee

* A settlor 

* Beneficiaries 

* Having an appointor is optional 

 

This information is of a general nature only and does not constitute professional advice. You must seek professional advice in relation to your particular circumstances before acting.

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