Question

What is a Testamentary discretionary trust?

Interesting Question?   (3)   (4)



Answers (1)

9th Dec 2009 by Gary

A Testamentary discretionary trust is one created under the specific instructions from the trustor (deceased). It is managed by an executor until the beneficiary is able to do it on their own. A discretionary beneficiary is allowed to apply for the distribution of funds, but they don't have to be legally granted by the trustees.

Like This Answer?   (0)   (0)
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com



4th Dec 2009 In Legal 1 Answers | 722 Views

Answer This Question / Give Your Opinion
What is a Testamentary discretionary trust?


Answer: *

What country is this answer relevent to? *
Your Name: *

Enter Verification Number: *


Give Your Opinion
Which banks offer the highest time deposit rates in Japan?
Share a simple answer to help inform others:
Specific to any country?
First name / Alias

• Your answer will be posted here:
Which banks offer the highest time deposit rates in Japan?
Ask A Question
Get opinions on what you want to know:
Specific to any country?