Searching for Discretionary Trust And Support Trust information? Find all needed info by using official links provided below.
http://lewislawoftrusts.lawbooks.cali.org/chapter/discretionary-and-support-and-the-rights-of-the-beneficiarys-creditors/
In contrast, a settlor creates a discretionary support trust if “the stated purpose of the trust is to furnish the beneficiary with support, and the trustee is directed to pay to the beneficiary whatever amount of trust income [or principal] the trustee deems necessary for his support.”
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.
https://www.keystonelawfirm.com/trusts/differences-between-a-discretionary-trust-and-a-spendthrift-trust/
Dec 08, 2018 · A discretionary trust typically offers greater asset protection to its beneficiaries. With either trust, though, once the money is disbursed, it’s fair game. To prevent seizure of trust disbursements, the trustee of a discretionary trust can pay expenses, like tuition or a mortgage, bypassing the beneficiary completely.5/5
https://fredfranke.com/articles/4-1-settlor-intent-supportdiscretionary-trusts/
When a settlor creates a discretionary trust that imposes standards for the beneficiary’s support or for support, maintenance, and education, these trusts are now often called discretionary support trusts. The courts have had difficulty determining how to enforce the beneficiary’s interest in these trusts.
https://www.foulston.com/uploads/Drafting-Support-and-Discretionary-Trusts--Navigating-the-Perils-and-Possibilities.pdf
discretionary trusts, support trusts and hybrid trusts. Moreover, such disparate distribution standards may relate to a trust having a single current beneficiary or one having multiple current beneficiaries, the latter being often referenced as a “blended trust.”
https://primelawbc.com/trust-basics-discretionary-trusts-vs-non-discretionary-trusts/
Trust Basics: Discretionary Trusts vs. Non-Discretionary Trusts. There are two basic types of trusts: discretionary and non-discretionary. Depending on your individual circumstances, understanding the key differences between the two types of trusts can be significant.
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.wealthmanagement.com/news/discretionary-trusts-merely-support-trusts
For example, in California, a discretionary trust established for support was treated as a mandatory support trust. As Medicaid steps into the shoes of the recipient not only at death but also...Author: Richard E. Davis
https://digitalcommons.unl.edu/cgi/viewcontent.cgi?article=1084&context=nlr
Discretionary Trusts, Support Trusts, Discretionary Support Trusts, Spendthrift Trusts, and Special Needs Trusts under the Nebraska Uniform Trust Code Bill Lyons [email protected] John Gradwohl University of Nebraska Lincoln, [email protected] Follow this and additional works at: https://digitalcommons.unl.edu/nlr Recommended CitationAuthor: Bill Lyons, John Gradwohl
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