nondiscretionary trust
A trust in which the trustee has limited discretion in management of the assets or distributions to the beneficiaries. Also known as a fixed trust.
Definition from Nolo’s Plain-English Law Dictionary
A trust in which the trustee has no discretion about how to spend or invest trust funds. Also called a fixed trust.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:20 pm
