A Discretionary Trust Is

Multiple Choice

A discretionary trust is

A) a trust which holds a collection of assets on behalf of various parties rather than family members.
B) a trust from which income is distributed to the parties according to their respective unit holdings in the trust.
C) a trust that usually concentrates on a particular investment such as equity,property or cash management.
D) a trust which provides the trustee with discretion,according to the trust deed,over who receives distributions from the trust.