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Meaning of "discretionary trust" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF DISCRETIONARY TRUST

discretionary trust play
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GRAMMATICAL CATEGORY OF DISCRETIONARY TRUST

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Discretionary trust is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES DISCRETIONARY TRUST MEAN IN ENGLISH?

discretionary trust

Discretionary trust

A discretionary trust in Canadian and English trusts law is a trust where the beneficiaries and/or their entitlements to the trust fund are not fixed, but are determined by the criteria set out in the trust instrument by the settlor. It is sometimes referred to as a family trust in Australia or New Zealand. Where the discretionary trust is a testamentary trust, it is common for the settlor to leave a letter of wishes for the trustees to guide them as to the settlor's wishes in the exercise of their discretion. Letters of wishes are not legally binding documents. Discretionary trusts can only arise as express trusts. It is not possible for a constructive trust or a resulting trust to arise as a discretionary trust.

Definition of discretionary trust in the English dictionary

The definition of discretionary trust in the dictionary is a trust in which the beneficiaries' shares are not fixed in the trust deed but are left to the discretion of other persons, often the trustees.

WORDS THAT BEGIN LIKE DISCRETIONARY TRUST

discredited
discreet
discreetly
discreetness
discrepance
discrepancies
discrepancy
discrepant
discrepantly
discrete
discretely
discreteness
discretion
discretional
discretionally
discretionarily
discretionary
discretionary income
discretive
discretively

WORDS THAT END LIKE DISCRETIONARY TRUST

antitrust
blind trust
brain trust
brains trust
breach of trust
charitable trust
closed-end trust
crust
distrust
entrust
intrust
investment trust
mistrust
overtrust
rust
thrust
trust
unit trust
unitrust
untrust

Synonyms and antonyms of discretionary trust in the English dictionary of synonyms

SYNONYMS

Translation of «discretionary trust» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF DISCRETIONARY TRUST

Find out the translation of discretionary trust to 25 languages with our English multilingual translator.
The translations of discretionary trust from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «discretionary trust» in English.

Translator English - Chinese

全权信托
1,325 millions of speakers

Translator English - Spanish

fideicomiso discrecional
570 millions of speakers

English

discretionary trust
510 millions of speakers

Translator English - Hindi

विवेकाधीन भरोसा
380 millions of speakers
ar

Translator English - Arabic

الثقة التقديرية
280 millions of speakers

Translator English - Russian

дискреционных доверие
278 millions of speakers

Translator English - Portuguese

confiança discricionário
270 millions of speakers

Translator English - Bengali

বিশ্লেষণী বিশ্বাস
260 millions of speakers

Translator English - French

fiducie discrétionnaire
220 millions of speakers

Translator English - Malay

Kepercayaan budi bicara
190 millions of speakers

Translator English - German

Discretionary Trust
180 millions of speakers

Translator English - Japanese

裁量信託
130 millions of speakers

Translator English - Korean

임의 신뢰
85 millions of speakers

Translator English - Javanese

Kepercayaan discretionary
85 millions of speakers
vi

Translator English - Vietnamese

tin tưởng tùy ý
80 millions of speakers

Translator English - Tamil

விருப்பமான நம்பிக்கை
75 millions of speakers

Translator English - Marathi

विवेकाधीन विश्वास
75 millions of speakers

Translator English - Turkish

Ihtiyari güven
70 millions of speakers

Translator English - Italian

trust discrezionale
65 millions of speakers

Translator English - Polish

uznaniowe zaufanie
50 millions of speakers

Translator English - Ukrainian

дискреційних довіру
40 millions of speakers

Translator English - Romanian

încredere discreționar
30 millions of speakers
el

Translator English - Greek

διακριτική εμπιστοσύνη
15 millions of speakers
af

Translator English - Afrikaans

diskresionêre trust
14 millions of speakers
sv

Translator English - Swedish

diskretionär trust
10 millions of speakers
no

Translator English - Norwegian

skjønnsmessig tillit
5 millions of speakers

Trends of use of discretionary trust

TRENDS

TENDENCIES OF USE OF THE TERM «DISCRETIONARY TRUST»

The term «discretionary trust» is normally little used and occupies the 118.616 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Little used
45
/100
The map shown above gives the frequency of use of the term «discretionary trust» in the different countries.
Principal search tendencies and common uses of discretionary trust
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «discretionary trust».

FREQUENCY OF USE OF THE TERM «DISCRETIONARY TRUST» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «discretionary trust» during the past 500 years. Its implementation is based on analysing how often the term «discretionary trust» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about discretionary trust

EXAMPLES

10 ENGLISH BOOKS RELATING TO «DISCRETIONARY TRUST»

Discover the use of discretionary trust in the following bibliographical selection. Books relating to discretionary trust and brief extracts from same to provide context of its use in English literature.
1
Trusts Law: Text and Materials
In the text we attempt to simplify the position and use the term 'discretionary trust' to describe an imperative duty to exercise a discretion to allocate benefit, given to trustees by settlors; and 'mere powers' as the collective title for powers of ...
Graham Moffat, Gerry Bean, Rebecca Probert, 2009
2
The Complete Book of Wills, Estates & Trusts
An updated guide to estate planning explains the purpose of wills, describes common as well as unusual provisions, and discusses estate management, executors, contested wills, and probate. Original.
Alexander A. Bove, 2005
3
Cases & Materials on Trusts
Fixed/discretionary trusts The antithesis of a discretionary trust is a 'fixed' trust or trust with an interest in possession, that is, on the date of the creation of the trust the settlor has defined the interest acquired by each beneficiary with relative ...
Mohamed Ramjohn, 2004
4
Asset Protection
To keep your creditors' grasping hands off the annual income, you will need to create a discretionary trust, which is a type of irrevocable trust that gives the trustee the complete discretion to decide which of two or more beneficiaries gets paid ...
Robert Kleuger, 2008
5
Bohan and McCarthy - Capital Acquisitions Tax
The fact that a person is a beneficiary of a discretionary trust does not give him the right to receive any assets or other benefits from the trust. A discretionary trust can be created by the settlor either by deed while he is alive (inter vivos) or by will ...
Brian Bohan, Fergus McCarthy, 2013
6
Trends in Contemporary Trust Law
Moreover, for the past quarter of a century tax considerations have popularized the trust power (in the form of the discretionary trust). The discretionary trust being well-known in theory since the last century, the epoch of the employer- funded ...
A. J. Oakley, 1996
7
Text, Cases and Materials on Equity and Trusts
trust instrument. Under a discretionary trust, however, the individual members of the class of objects have only a hope or spes of acquiring a benefit under the trust. In other words, under a discretionary trust, the members of the class of objects, ...
Mohamed Ramjohn, 2008
8
Key Cases: Equity & Trusts
An exhaustive discretionary trust arises where the trustees are under a duty to apply the income of Where no appointment is made by the trustees of an exhaustive discretionary there is forfeiture In a non-exhaustive discretionary trust the ...
Judith Bray, 2013
9
Unlocking Trusts 4th Edition
Under a discretionary trust, the individual members of the class of objects have only a hope or 'spes' of acquiring a benefit under the trust. In other words, under a discretionary trust, the members of the class of objects, prior to the exercise of ...
Mohamed Ramjohn, 2013
10
Australian Master Financial Planning Guide 2010/11
In order to deal with the succession of assets owned by a discretionary trust, it is necessary to deal with the future control of the discretionary trust. To provide for the future control of a discretionary trust, the terms of the trust deed establishing ...
Cch

10 NEWS ITEMS WHICH INCLUDE THE TERM «DISCRETIONARY TRUST»

Find out what the national and international press are talking about and how the term discretionary trust is used in the context of the following news items.
1
Holding(s) in Company
The EBT is a discretionary trust for the benefit of employees including the executive directors of the Company. PraxisIFM Trustees Limited, as ... «Yahoo Finance UK, Jul 15»
2
'Will my wife get any of my inheritance when we divorce?'
Also, setting up a discretionary trust to deliberately put the assets in it out of reach of a beneficiary's spouse on divorce is something which is ... «Telegraph.co.uk, Jul 15»
3
South Australia 2015-16 Budget – a bold move
... that the rules will allow relief where the ultimate parent corporation of the corporate group is a corporate trustee of a discretionary trust. «Lexology, Jul 15»
4
Offshore Tax Disclosures: Use The LDF While You Can
For example, the interest of the settlor of a discretionary trust will be reported annually as will the interest of a potential beneficiary in each year ... «Mondaq News Alerts, Jul 15»
5
Living Trust Loses To Creditors In Lewiston
... in the Restatement promotes a valid public policy: A person ought not to be able to shelter his assets from his creditors in a discretionary trust ... «Forbes, Jun 15»
6
Senior savers will work in the long run
It is troubling that the Victorian state government has increased the stamp duty on real estate purchases by discretionary trust by 3 per cent by ... «The Australian Financial Review, Jun 15»
7
Setting aside voluntary dispositions: where are we now?
In Wright and another v National Westminster Bank PLC [2014] EWHC 3158 (Ch), Mr Justice Norris was asked to set aside a discretionary trust ... «Lexology, Jun 15»
8
Centrelink and a matter of (private discretionary) trusts
Years ago, there was great sport in reducing assets to qualify for social security – and discretionary trusts were at the top of the playlist. «Professional Planner, Jun 15»
9
Types of trust
A discretionary trust is a legal arrangement which allows the person putting the assets or money into trust (the settlor) to give their assets to a ... «YourWealth, Jun 15»
10
Davison v Davison [2015] EWCA Civ 587
A Jersey based discretionary trust, The Ivy Trust ("the trust") is the sole shareholder of the second and third respondents. In the proceedings before Moor J and ... «Family Law Week, Jun 15»

REFERENCE
« EDUCALINGO. Discretionary trust [online]. Available <https://educalingo.com/en/dic-en/discretionary-trust>. Apr 2024 ».
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