About Discretionary Trusts

A discretionary trust is a vehicle whereby an individual or company, the settlor, gifts assets to the Trustee, to manage at it’s discretion. Such a trust may be made by an individual during their lifetime, or by testamentary disposition under a will. The gifted assets are invested and administered to generally provide benefit to named beneficiaries, or a class of beneficiaries. A “Letter of Wishes” can be given to the Trustee, which acts as a guide to the Trustees, but is not legally binding.

Why a Discretionary Trust?
• Tailoring to settlor and beneficiary needs and requirements
• Flexible preservation and enhancement of capital and income
• Asset protection

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