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What is Discretionary Trust?

A trust is simply an agreement whereby a person or company agrees to hold an asset for the bene?t of others. The person or company who controls the asset is known as the 'trustee' and those who bene?t are called the 'bene?ciaries'. The creator of the trust sets out speci?c terms how the assets are to be managed in a document called the 'trust deed.

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