Discretionary distribution definition

Discretionary distribution means a distribution which the trustee is not directed to make, but is permitted to make in the trustee's discretion. For example, the language in a trust instrument providing for a discretionary distribution may contain the words "may" or "in the trustee's discretion". The language providing for a discretionary distribution may include a standard of distribution or other guidance as long as the language or other guidance does not require the trustee to make a distribution in accordance with the standard or guidance;
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Discretionary distribution means any Distribution that is not a Mandatory Distribution.
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Discretionary distribution means a distribution (either interim or final) to the extent it exceeds the amount of a Mandatory Distribution in respect of a Distribution Period;
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Examples of Discretionary distribution in a sentence

  • Negotiations with the Education Department had proceeded to the point where the value of the land was determined by the City's Licensed Valuer as required by the Education Department and verbally agreed to by the Valuer General's Valuer acting for the Education Department.

  • The Manager has decided to distribute 100% (2013: 100%) of Total Distributable Income as the distribution for the six months ended 30 September 2014.(ii) Discretionary distribution refers to any additional amount to be distributed as determined by the Manager pursuant to clause 13.4 of the Trust Deed.

  • Discretionary distribution authority required to decant?Unlimited discretion: Yes, expanded discretion to distributeprincipal2Limited discretion: Yes, limited discretion to distributeprincipal32.

  • Discretionary distribution decisions are made by a Distribution Committee of the Board of Directors.

  • The Manager has decided to distribute 100% (2016: 100%) of Total Distributable Income as the distribution for the year ended 31 March 2017.(ii) Discretionary distribution refers to any additional amount to be distributed as determined by the Manager pursuant to clause 13.4 of the Trust Deed.

  • Discretionary distribution authority required to decant?‌Expanded distributive discretion: Yes, expanded discretion todistribute principal2Limited distributive discretion: Yes, power to distributeprincipal without expanded discretion32.

  • Properly drafted, the trust’s assets are off limits to the beneficiary's creditors, including any future ex-spouse of the beneficiary.• "Discretionary distribution" language which can direct the assets even more specifically, including earmarking trust proceeds to cover health care expenses, helping to maintain a beneficiary’s standard of living, purchasing a home, establishing a business, or paying for an education.


More Definitions of Discretionary distribution

Discretionary distribution means a distribution that a Trustee has the Discretion to make or withhold.
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