Definition of DISCRETIONARY TRUSTS in Black's Law Dictionary 4th Edition – Legal dictionary – Glossary of legal terms.
Definition of DISCRETIONARY TRUSTS
Such as are not marked out on fixed lines but allow a certain amount of discretion in their exercise. Those which cannot be duly administered without the application of a certain degree of prudence and judgment. Greenwich Trust Co. v. Tyson, 129 Conn. 211, 27 A.2d 166, 172.
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That's the definition of DISCRETIONARY TRUSTS in Black's Law Dictionary 4th Edition – Legal dictionary – Glossary of legal terms. Courtesy of Cekhukum.com.
