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    is "£20,000 for A to use the money for the benefit of B and C" a fixed trust or discretionary trust?

    Is there any concrete example?
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    (Original post by hui shing)
    is "£20,000 for A to use the money for the benefit of B and C" a fixed trust or discretionary trust?

    Is there any concrete example?
    This is a fixed trust with a settlor, A the trustee and B holding the trust for B and C the beneficiaries. Here the trustee has no discretion, he is merely executing the settlor's orders.
    A discretionary trust would allow A the truste to choose the beneficiaries freely, example:
    £20,000 for A to use the money at his discretion
    £20,000 for A to benefit the persons he thinks are the most suitable
    £20,00 for A to benefit the persons he already knows should benefit
 
 
 
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