Discretionary Trusts definition

Discretionary Trusts means, in relation to any sum directed to be held on such trusts in respect of a deceased individual, the trusts, powers and provisions set out below:
Discretionary Trusts means the trusts upon which certain sums arising on the death of an individual must be held by the Trustee, the terms of such trusts being as follows:-
Discretionary Trusts means the trusts set out in rule 8.4.

Examples of Discretionary Trusts in a sentence

  • Halbach, Jr., Problems of Discretion in Discretionary Trusts, 61 Colum.

  • Halbach, Jr., Problems of Discretion in Discretionary Trusts, 61 COLUM.

  • Discretionary Trusts Recall that: discretionary trust = S trusts to T, with discretion to appoint to B (e.g. protective or ‘spendthrift’ trust, where S wishes to settle for B without allowing B the power to vary the trust).

  • Any benefit which is expressed to be held on the Discretionary Trusts shall be held by the Trustee on trusts set out in this Clause.

  • Split Trusts can be Bare Trusts, Discretionary Trusts or Flexible Trusts with default beneficiaries.

  • Other Associations and Discretionary Trusts: Trusts: Group policies issued to associations and trusts that are not included in the Small Employer, Other Employer or Multiple Employer Associations and Trusts group categories.

  • Halbach Jr., Problems of Discretion in Discretionary Trusts, 61 COLUM.

  • SIGNIFICANT DIFFERENCESWhen it comes to beneficiaries and control, there are no significant differences between fully Discretionary Trusts and this type of trust.

  • Creditor's Claims; Spendthrift and Discretionary Trusts General Comment This article addresses the validity of a spendthrift provision and the rights of creditors, both of the settlor and beneficiaries, to reach a trust to collect a debt.

  • SHAPO, GEORGE GLEASON BOGERT, & GEORGE TAYLOR BOGERT, BOGERT: THE LAW OF TRUSTS AND TRUSTEES § 228 (2016); Alan Newman, Spendthrift and Discretionary Trusts: Alive and Well Under the Uniform Trust Code, 40 REAL PROP.


More Definitions of Discretionary Trusts

Discretionary Trusts means the trusts set out in Rule 9.4. "Drawdown Option" is defined in Rule 5.8(1).

Related to Discretionary Trusts

  • Administrator/Benchmark Event means, in respect of any Series of Preference Shares and an Index, any authorisation, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register in respect of the Index or the administrator of the Index or the Index Sponsor has not been, or will not be, obtained or has been, or will be, rejected, refused, suspended or withdrawn by the relevant competent authority or other relevant official body, in each case as required under any applicable law or regulation in order for the Company, the Calculation Agent or any other entity to performits or their respective obligations in respect of the Preference Shares or any Related Financial Product, all as determined by the Calculation Agent;

  • Academy Trust shall include any company in which the Academy Trust: • holds more than 50% of the shares; or • controls more than 50% of the voting rights attached to the shares; or • has the right to appoint one or more directors to the board of the company.

  • Family Trusts means, with respect to any individual, trusts or other estate planning vehicles established for the benefit of such individual or Family Members of such individual and in respect of which such individual serves as trustee or in a similar capacity.

  • Portfolio Administrator means any entity and any successor or replacement thereto, as specified in the Final Terms for each Series of ETP Securities, appointed as Portfolio Administrator in accordance with the terms of the relevant Portfolio Administration Agreement.

  • Extraordinary Trust Fund Expenses Any amounts reimbursable to the Master Servicer or the Depositor pursuant to Section 6.03, any amounts payable from the Distribution Account in respect of taxes pursuant to Section 10.01(g)(iii), any amounts reimbursable to the Trustee, the Trust Administrator, Citibank or a Custodian from the Trust Fund pursuant to Section 2.01 or Section 8.05 and any other costs, expenses, liabilities and losses borne by the Trust Fund (exclusive of any cost, expense, liability or loss that is specific to a particular Mortgage Loan or REO Property and is taken into account in calculating a Realized Loss in respect thereof) for which the Trust Fund has not and, in the reasonable good faith judgment of the Trust Administrator, shall not, obtain reimbursement or indemnification from any other Person.

  • Extraordinary Trust Fund Expense Any amounts reimbursable to the Trustee, or any director, officer, employee or agent of the Trustee, from the Trust Fund pursuant to Section 8.05, any amounts payable from the Distribution Account in respect of taxes pursuant to Section 10.01(g)(iii) and any amounts payable by the Trustee for the recording of the assignments of mortgage pursuant to Section 2.01.

  • charity trustee means a charity trustee of the CIO.

  • Successor Property Trustee has the meaning specified in Section 6.6(b).

  • Administrator/Benchmark Event means, in relation to any Benchmark, the occurrence of a Benchmark Modification or Cessation Event, a Non-Approval Event, a Rejection Event or a Suspension/Withdrawal Event all as determined by the Issuer.

  • unit trust means any trust established for the purpose, or having the effect, of providing facilities for the participation by persons as beneficiaries under a trust, in profits or income arising from the acquisition, holding, management or disposal of securities or any other property.

  • the Academy Trust means the company intended to be regulated by these Articles and referred to in Article 2;

  • Additional Trust Fund Expense Any expense of the Trust Fund that (i) arises out of a default on a Mortgage Loan or a Serviced Pari Passu Companion Loan or an otherwise unanticipated event, (ii) is not included in the calculation of a Realized Loss, (iii) is not covered by a Servicing Advance or a corresponding collection from the related Borrower, and (iv) is not covered by Default Charges collected on the Mortgage Loans to the extent provided herein.

  • Property Trustee means the Person identified as the “Property Trustee” in the Trust Agreement, solely in its capacity as Property Trustee of the Trust under the Trust Agreement and not in its individual capacity, or its successor in interest in such capacity, or any successor Property Trustee appointed as therein provided.

  • Property Trustee Account has the meaning set forth in Section 3.8(c).

  • Successor Institutional Trustee has the meaning set forth in Section 4.3(a).

  • Charity Trustees means the directors of the Academy Trust who are responsible for the general control and management of the administration of the Academy Trust.

  • Administrator/Benchmark Event Date means, in respect of an Administrator/Benchmark Event, the date on which the authorisation, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register is (i) required under any applicable law or regulation; or(ii) rejected, refused, suspended or withdrawn, if the applicable law or regulation provides that the Relevant Benchmark is not permitted to be used under the Securities following rejection, refusal, suspension or withdrawal, or, in each case, if such date occurs before the Issue Date, the Issue Date.

  • Administrative Trustee means each of the Persons identified as an “Administrative Trustee” in the preamble to this Trust Agreement, solely in each such Person’s capacity as Administrative Trustee of the Trust and not in such Person’s individual capacity, or any successor Administrative Trustee appointed as herein provided.

  • Investment Committee means the committee in charge of investment aspects of the Plan, as described in Article VII.

  • Statutory Trust Act means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code Section 3801 et seq., as it may be amended from time to time, or any successor legislation.

  • institutional trustee means the Trustee.

  • Administrator/Benchmark Event Date means, in respect of an Administrator/Benchmark Event, the date on which the authorisation, registration, recognition, endorsement, equivalence decision, approval or inclusion in any official register is (i) required under any applicable law or regulation; or

  • Statutory Trust Statute means Chapter 38 of Title 12 of the Delaware Code, 12 Del. Code § 3801 et seq. as the same may be amended from time to time.

  • Successor Delaware Trustee has the meaning set forth in Section 4.5(e).