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https://thismatter.com/money/wills-estates-trusts/mandatory-and-discretionary-trusts.htm
Support Trust. A support trust pays the beneficiary for her health, support, maintenance, and education. Often, a support trust is created for surviving spouses. Sprinkle Trust. A sprinkle trust (aka sprinkling trust, spray trust) is a discretionary trust that sprinkles, or sprays, its assets to the beneficiaries. The trustee must distribute the income, but can chose whom to pay, and how much, …
http://lewislawoftrusts.lawbooks.cali.org/chapter/discretionary-and-support-and-the-rights-of-the-beneficiarys-creditors/
The purpose of a support trust is to ensure that the beneficiary’s financials needs are met. The support trust can be either pure or discretionary. A pure support trust is one that requires the trustee to use the funds in the trust to support the beneficiary by paying specific bills. The trustee’s discretion is …
https://law.freeadvice.com/estate_planning/trusts/discretionary-trust.htm
A discretionary trust allows a trustee discretion to make decisions about distribution, with some limitations specified in the trust document. A discretionary trust is typically used for the purpose of avoiding creditors, exercising control over a minor beneficiary, and caring for …
https://www.dummies.com/personal-finance/estate-planning/how-to-make-discretionary-distributions-of-trust-funds/
Trust instruments usually give some guidance regarding what sorts of discretionary distributions a trustee can make to beneficiaries. Discretionary powers may be narrowly prescribed in the trust instrument, limiting the types of possible distributions. In many …
https://primelawbc.com/trust-basics-discretionary-trusts-vs-non-discretionary-trusts/
Individuals with disabilities who are on PWD or another form of government assistance can be cut off from governmental support if the capital contributed to a non-discretionary trust for which they are a beneficiary exceeds an established maximum of approximately $200,000.
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 thus...Author: Richard E. Davis
https://www.makeawill.co.uk/page-discretionary-trusts-file-97.html
Any discretionary payments of income made to the beneficiaries of the trust are taxed at the trust rate of 50%. However, if a beneficiary is a non-tax payer or pays Income Tax at the 20 or 40% rate they may be able to claim some or all of the tax back.
https://www.comtrst.com/wp-content/uploads/2013/05/CDMB-Presentation-re-Discretionary-Distributions-A-Trustees-Guideline.pdf
Discretionary Distributions: When beginning the process of establishing a trust, grantors often have a general idea as to whom they will name as a beneficiary. Often, they will also know under what circumstances they would like a trustee to make a distribution to said beneficiary.
https://legal-dictionary.thefreedictionary.com/Discretionary+Trust
In the case of discretionary trusts, trustees can make certain decisions about how to use the trust income, and sometimes the capital. Don't be too trusting with your legacy plans Nevertheless, a beneficiary under a discretionary trust has an 'interest' to be considered as a potential recipient of benefit under the trust and a right to have his interest protected by a court of equity, it further elaborates.
https://www.gov.uk/trusts-taxes/trusts-and-income-tax
Accumulation or discretionary trusts. Trustees are responsible for paying tax on income received by accumulation or discretionary trusts. The first £1,000 is taxed at the standard rate. If the settlor has more than one trust, this £1,000 is divided by the number of trusts they have.
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