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Discretionary trust
/dɪskɹˈɛʃənəɹi tɹˈʌst/
/dɪskɹˈɛʃənˌɛɹi tɹˈʌst/Discretionary trust
01
a trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate
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