Tag Archives: types of trust

discretionary trust

The Benefits of Discretionary Trusts

Wide class of potential beneficiaries

With a Discretionary Trust, the settlor makes a gift into Trust, and the trustees hold the trust fund for a wide class of potential beneficiaries. This is known as ‘settled’ or ‘relevant’ property. For lump sum investments, the initial gift is a chargeable lifetime transfer for Inheritance Tax purposes.

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