A person or a company named in a trust to whom distributions are made. The property is entrusted to a trustee who has the right to pay to the beneficiary any income generated from the property. The beneficiary cannot compel the trustee to make any payments to him; rather, it is the trustee who has the discretion to determine whether distributions to the beneficiary will be made.
Related information about discretionary beneficiary:
- Discretionary Beneficiary Definition | Investopedia
Discretionary beneficiaries are those named in a trust or similar document to whom distributions may be made. While discretionary beneficiaries may apply for ...
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Definition of discretionary beneficiary: A person or a company named in a trust to whom distributions are made. The property is entrusted to a trustee who has ...
- Discretionary trust - Wikipedia, the free encyclopedia
... Although a discretionary beneficiary clearly does have some species of right under a discretionary trust, he is able to renounce his position as a class member ; ...
- Beneficiary (trust) - Wikipedia, the free encyclopedia
... where a trust gives rise to successive interest, the title of a remainderman is a prospective, or contingent, interest; although unlike a discretionary beneficiary, ...
- What Is a Discretionary Beneficiary?
Aug 9, 2012 ... A discretionary beneficiary is an individual or entity that only receives approved disbursements from a trust fund, depending on decisions made ...
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Jun 8, 2008 ... The rights of a beneficiary under a discretionary trust are more difficult to identify than... | Article from Mondaq Business Briefing June 8, 2008.
- Beneficiary rights « Matters of Trust
Sep 16, 2012 ... It is also important to appreciate that the information provided here is in the context of a discretionary beneficiary who has no fixed rights, other ...
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Feb 13, 2012 ... SCANLAN v. EISENBERG (January 20, 2012) Martin Bucksbaum and his brother founded General Growth Properties, a real estate investment ...