Discretionary Trust

Discretionary Trust Explained

Discretionary Trust Explained

A discretionary trust is a trust where assets are held in the trust by the trustee, and income or principal are distributed, in the trustee’s discretion, to the beneficiaries for health, education, maintenance and support, among others. Oftentimes you’ll see language, typically IRS code type language, “reasonable comfort,” typically relating to providing for language that…

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