• Thumbnail for Discretionary trust
    In the trust law of England, Australia, Canada and other common law jurisdictions, a discretionary trust is a trust where the beneficiaries and their entitlements...
    9 KB (1,368 words) - 04:06, 14 April 2024
  • Thumbnail for Trust (law)
    Hybrid trust: Combines elements of both fixed and discretionary trusts. In a hybrid trust, the trustee must pay a certain amount of the trust property...
    79 KB (10,400 words) - 16:42, 10 May 2024
  • Discretionary trusts and powers in English law are elements of the English law of trusts, specifically of express trusts. Express trusts are trusts expressly...
    10 KB (1,491 words) - 14:48, 2 May 2022
  • Thumbnail for Express trust
    date the disposition takes effect. Charitable trusts this is also a form of discretionary trust; trusts for a purpose (as opposed to for individuals)...
    9 KB (1,393 words) - 23:07, 22 August 2023
  • A Henson trust (sometimes called an absolute discretionary trust), in Canadian law, is a type of trust designed to benefit disabled persons. Specifically...
    5 KB (635 words) - 18:38, 21 June 2022
  • trusts recognised and used in Australia, including unit trusts, discretionary trusts, hybrid trusts, and testamentary trusts. Under a discretionary trust...
    12 KB (1,665 words) - 18:56, 13 October 2022
  • Thumbnail for Protective trust
    trust. The establishment of this discretionary trust is ordinarily exempt from the charge to UK inheritance tax on the establishment of discretionary...
    2 KB (301 words) - 12:14, 23 April 2024
  • Thumbnail for ENIC Group
    International Limited, while a discretionary trust of Lewis's family owns 70.12%. Previously a private investment trust, English National Investment Company...
    6 KB (623 words) - 07:58, 6 April 2024
  • and capital; and discretionary beneficiaries, whom the trustees must make decisions as to the respective entitlements. Where a trust gives rise to sequential...
    7 KB (959 words) - 18:14, 9 December 2023
  • into Low's personal accounts. He is the beneficiary of numerous discretionary trust assets said by the US government to originate from payments out of...
    60 KB (5,124 words) - 07:35, 25 April 2024
  • Thumbnail for Asset-protection trust
    In trust law, an asset-protection trust is any form of trust which provides for funds to be held on a discretionary basis. Such trusts are set up in an...
    32 KB (4,807 words) - 17:48, 14 September 2023
  • Thumbnail for Accumulation and maintenance trust
    ("A&M") trusts are a type of discretionary trust for the benefit of children and young people in England and Wales. The concept of an A&M trust emerged...
    2 KB (202 words) - 19:58, 29 December 2020
  • Thumbnail for Re Gulbenkian's Settlements Trusts
    discretionary trusts. It was only a year later in McPhail v Doulton that the 'is or is not' test was considered appropriate for discretionary trusts by...
    5 KB (733 words) - 01:48, 15 May 2023
  • Thumbnail for McPhail v Doulton
    objects for discretionary trusts, one of the three certainties required to form a trust. For a trust to be valid, "It is clear law that a trust (other than...
    8 KB (1,070 words) - 17:04, 4 May 2024
  • Thumbnail for Schmidt v Rosewood Trust Ltd
    v Rosewood Trust Ltd [2003] UKPC 26 is a judicial decision concerning the information rights of a beneficiary under a discretionary trust. Although the...
    8 KB (1,102 words) - 23:54, 4 April 2023
  • Thumbnail for Special needs trust
    trustees to manage the trust assets and to deal with future replacement appointments. The use of a private discretionary trust can not only be more efficient...
    6 KB (766 words) - 12:06, 27 February 2024
  • Thumbnail for Saunders v Vautier
    Saunders v Vautier (category English trusts case law)
    understood to require that a valid discretionary trust need to be able to draw up a complete list of the beneficiaries of the trust in order to be valid; subsequent...
    7 KB (1,003 words) - 23:25, 4 May 2024
  • Thumbnail for Supplemental needs trust
    (OBRA-93), P.L. 103–66, it was possible to create a self-settled, discretionary trust for the benefit of the settlor and still allow the settlor to qualify...
    16 KB (2,215 words) - 12:25, 27 February 2024
  • Australia, a family trust refers to a type of discretionary trust, set up to manage the assets of a family or its business. Family trusts are vehicles for...
    4 KB (473 words) - 05:37, 11 October 2023
  • seems to indicate that the test of certainty for Denley trusts is the same as for discretionary trusts. A second way of evading the rules is found in Re Tyler...
    8 KB (1,213 words) - 05:34, 21 March 2023
  • Thumbnail for Taxation in the Republic of Ireland
    building and claims rent-a-room relief on the remainder) A charity or a discretionary trust A divorced or separated person whose former spouse lives in the building...
    130 KB (14,584 words) - 22:45, 4 May 2024
  • In computer security, discretionary access control (DAC) is a type of access control defined by the Trusted Computer System Evaluation Criteria (TCSEC)...
    5 KB (563 words) - 16:30, 7 February 2024
  • Thumbnail for Inheritance tax in the United Kingdom
    bands were used was called a nil band discretionary trust (now more properly known as NRB Relevant Property Trust*). This is an arrangement in both wills...
    30 KB (3,244 words) - 19:59, 26 March 2024
  • Thumbnail for English trust law
    interests under a discretionary trust. For the latter group of people, who may have highly restricted rights or know very little about trust terms, the Privy...
    157 KB (22,992 words) - 16:24, 16 April 2024
  • Modification and Termination of a Trust Creditor's Claim, Spendthrift and Discretionary Trusts Revocable Trusts Office of Trustee Duties and Powers...
    4 KB (360 words) - 02:52, 6 April 2024
  • Deed. In an Irrevocable Offshore Trust may not be changed or liquidated by the settlor. A Discretionary Offshore Trust enables the trustee to decide on...
    10 KB (1,431 words) - 14:55, 21 August 2020
  • A Quistclose trust is a trust created where a creditor has lent money to a debtor for a particular purpose. If the debtor uses the money for any other...
    11 KB (1,433 words) - 20:38, 10 December 2022
  • their death it passes to others under the terms of the trust. a discretionary trust where the trust fund is held by the trustees for the benefit of the injured...
    8 KB (1,224 words) - 00:33, 11 January 2023
  • as a trust. The executors appealed. The Court of Appeal held, dismissing the appeal, that to apply the Re Gulbenkian test for a discretionary trust, "conceptual"...
    4 KB (536 words) - 08:58, 1 November 2023
  • trust and the type of property subject to the trust will vary depending on the purpose of the employee trust. Many employee trusts are discretionary trusts...
    10 KB (1,203 words) - 05:54, 22 December 2022