Assertion: trust's trustee | /r/HasAspect | discretion
Facets:
value: as to the amount
type: OTHER
Source sentences:
text: Therefore, the trustee has a discretion as to which beneficiary is to receive income or capital under the trust even if there is a duty for them to distribute the income.
text: In vested trusts, the benefits of the beneficiaries are set out in the trust deed, whereas in discretionary trusts the trustees have full discretion at all times as to how much and when each beneficiary is to benefit.
text: In addition, the trustees also have a discretion as to the amount that each beneficiary will receive.
text: But the trustee has discretion as to how any remaining trust property, once these fixed amounts have been paid out, is to be paid to the beneficiaries.
text: The trustee has discretion to decide whether or not the act would be in the best interest of the beneficiaries of the trust.
text: The trustee might have discretion to decide when and why payments are made, or the creator of the trust can set these terms in the trust documents when the trust is created.
text: It is permissible in most legal systems for a trust to have a fixed number of beneficiaries and for the trustees to have discretion as to how much each beneficiary receives, or to have a class of beneficiaries from whom they could select members, but provide that the amount to be provided is fixed.