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http://lewislawoftrusts.lawbooks.cali.org/chapter/discretionary-and-support-and-the-rights-of-the-beneficiarys-creditors/
Generally, if the trust is a discretionary support trust, the beneficiary has a right that the trustee pay him the amount which in the exercise of reasonable discretion is needed for his support …; and the beneficiary can transfer this interest or his creditors may reach …
https://ddvqhbgjmdkmq.cloudfront.net/wp-content/uploads/sites/2/2016/02/26013712/discretionary-trust-deed-sample.pdf
(d) the trustee of any other trust of which the Trustee (as Trustee of this Trust) is a beneficiary (whether fixed, discretionary or otherwise) or holds an interest (subject to there being no infringement of the Rule against Perpetuities ); (e) the trustee of any other trust of which any one or …
https://www.cleardocs.com/downloads/sample-discretionary-trust.pdf
Process: Establishing the Discretionary Trust . To effectively establish the Smith Robinson Family Trust, you need to arrange for the following formalities to be completed. Sign the documents – in the right order . 1 Each of the documents in the Discretionary Trust package must be properly executed by the relevant parties as indicated.
https://www.wealthmanagement.com/news/discretionary-trusts-merely-support-trusts
Because a discretionary trust is converted into a support trust under the UTC and Restatement Third, the assets in it should be considered an “available resource” to the Medicaid recipient and ...Author: Richard E. Davis
https://digitalcommons.unl.edu/cgi/viewcontent.cgi?article=1084&context=nlr
creditors. These trust arrangements include the "discretionary. trust,"12 . the "support trust," 13 . the hybrid "discretionary support. trust,"14 . and the "spendthrift trust."15 In addition to these trust ar-rangements, the "special needs trust" (sometimes called a "supple-mental needs trust") may offer a measure of asset protection.Author: Bill Lyons, John Gradwohl
https://www.law.cornell.edu/wex/support_trust
A support trust is a trust that contains a provision directing the trustee to pay to the beneficiary as much of the income and principal as is necessary for the beneficiary’s education and support. The beneficiary's interest is unreachable by creditors to the extent necessary to support the "support" purpose of the trust. If a creditor claim would jeopardize the support function of the trust ...
https://thismatter.com/money/wills-estates-trusts/mandatory-and-discretionary-trusts.htm
Discretionary trusts are sometimes classified according to their objectives, the most common being the spendthrift trust, support trust, sprinkle trust, and perpetual trust. Spendthrift Trust. The spendthrift trust usually pays money to the beneficiary only as needed either for support and maintenance or for an education. Because the ...
https://fredfranke.com/articles/4-1-settlor-intent-supportdiscretionary-trusts/
4.1 Settlor Intent: Support/Discretionary Trusts. The beginning point as to the extent and degree that a beneficiary may compel a distribution is, of course, the intent of the settlor as that intent is captured by the terms of the trust.
https://en.wikipedia.org/wiki/Discretionary_trust
A discretionary trust, in the trust law of England, Australia, Canada and other common law jurisdictions, is a trust where the beneficiaries and/or their entitlements to the trust fund are not fixed, but are determined by the criteria set out in the trust instrument by the settlor.It is sometimes referred to as a family trust in Australia or New Zealand.
https://www.foulston.com/uploads/Drafting-Support-and-Discretionary-Trusts--Navigating-the-Perils-and-Possibilities.pdf
Drafting Support and Discretionary Trusts: Navigating the Perils and Possibilities . As estate planning attorneys are well aware, there has been a greatly reduced need for estate and other transfer tax planning in recent years as a result of historically unprecedented increases in federal “applicable exclusion amountthe ” and related
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