A trustee's discretion may be an advantage and a disadvantage of a discretionary trust.

Question

Quizplus · Accepted Answer

A trustee's discretion in a discretionary trust allows for flexible management and adaptation to beneficiaries' changing needs, which is an advantage. However, it can also be a disadvantage if the trustee makes decisions that beneficiaries disagree with or if there's a lack of transparency and accountability in how decisions are made.

A Trustee's Discretion May Be an Advantage and a Disadvantage