What Are the Disadvantages of a Discretionary Trust?
With discretionary trusts, a trustee manages the trust at their sole discretion, which means they are at liberty to decide when and how to distribute trust assets to the beneficiaries. Alternatively in most trusts, a trustee manages a trust on behalf of one or more beneficiaries. Discretionary trusts also allow both discretions, to add flexibility. …
What Are the Disadvantages of a Discretionary Trust? Read More »