Angely0701 Angely0701
  • 01-01-2024
  • Law
contestada

What’s the instrument of creating a discretionary trust in English law?

Respuesta :

myrieosman
myrieosman myrieosman
  • 01-01-2024

answer The Discretionary Trust is usually established by a legal document called the “trust deed”,

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ilfahanoonvt2012
ilfahanoonvt2012 ilfahanoonvt2012
  • 01-01-2024

Answer:

The instrument for creating a discretionary trust in English law is a trust deed.

Explanation:

A trust deed is a legal document that establishes the terms and conditions of the trust, including details such as the beneficiaries, trustees, and guidelines for distributing trust funds. It is important to seek expert advice and comply with English law when creating a discretionary trust.

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