What is a Discretionary Trust? A Clear Explanation

Описание: A discretionary trust is a powerful legal tool that gives trustees the freedom to decide who, when, and how much beneficiaries receive—without fixed entitlements. But what exactly does this mean, and how does it compare to fixed trusts?

In this video:

✅ What a discretionary trust is

✅ How trustees make distribution decisions

✅ Benefits: flexibility, asset protection, tax planning

✅ Drawbacks and legal considerations

✅ When a discretionary trust may be the right choice

⏱️ Chapters

0:00 – Intro: What is a trust?

0:45 – Defining a discretionary trust

1:30 – Trustee’s discretion: who gets what

2:30 – Benefits: flexibility, protection, tax

4:00 – Drawbacks and legal oversight

5:30 – Discretionary vs fixed trust

6:15 – Key takeaways