Discretionary Trust

What is a beneficiary?

2018-06-04T10:09:03+00:00

A beneficiary can be: a person (including a minor) a company the trustee of another trust a charity / church, etc. The basic description of a beneficiary is any entity [...]

What is a beneficiary? 2018-06-04T10:09:03+00:00

What is an appointor?

2018-06-04T10:07:42+00:00

The appointor is ultimately in control of the trust. The function of the appointor is to appoint and resign the trustee after the trust has been established, thus ensuring a [...]

What is an appointor? 2018-06-04T10:07:42+00:00

What is a settlor?

2018-07-16T23:40:18+00:00

A settlor is only involved with a trust when it is being established. The settlor invites the trustee to accept the position of trustee. After this, the settlor will gift [...]

What is a settlor? 2018-07-16T23:40:18+00:00

What is a trustee?

2018-06-04T10:04:23+00:00

The trustee has the responsibility of running the trust, along with the distribution of trust income and capital. Any assets held by the trust are held in the name of [...]

What is a trustee? 2018-06-04T10:04:23+00:00

What is a discretionary trust?

2018-06-04T10:02:38+00:00

A discretionary trust is a structure that is commonly used to: allow for easy distribution of trust income and capital, and allow for distribution of funds to beneficiaries at the [...]

What is a discretionary trust? 2018-06-04T10:02:38+00:00

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