Ageas Discretionary Trust Form. The phrasing for a discretionary minor trust should include: "So long as the trustor's children are living who are under twenty-one, the trustee shall pay. The trustees are required to decide in whose favour the property.
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This has the effect of protecting beneficiaries who may not have the ability to use the.
Trusts can be classified by how much discretion is given to the trustee to distribute either principal or income to the beneficiaries.
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A discretionary trust is one where there is no immediate benefit to the beneficiary. In this session Grant Abbott from I Love SMSF and also LightYear Docs looks at the laws and strategies around using a discretionary trust. Discretionary trusts provide a flexible way to indirectly gift assets, property and money to beneficiaries.
