Which of the following describes a trust in which the trustee has the power to choose beneficiaries along with the amount of proceeds they are to be paid?
A)Fixed trust.
B)Trading trust.
C)Discretionary trust.
D)Constructive trust.

Question

Quizplus · Accepted Answer

A discretionary trust is a type of trust where the trustee is given the power to choose which beneficiaries will receive payments from the trust and how much they will receive. The trustee may have discretion over when payments are made as well. This type of trust allows the trustee to adjust the distribution of income or assets based on changing circumstances or the needs of the beneficiaries.

Which of the Following Describes a Trust in Which the Trustee