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Etymologie

Was (wer) ist non-discretionary trust - definition

TRUST WHERE THE BENEFICIARIES AND/OR THEIR ENTITLEMENTS TO THE TRUST FUND ARE NOT FIXED BUT ARE DETERMINED BY THE SETTLOR

Discretionary Trust; Family trust

non-discretionary trust

n. a trust in which the trustee is directed to invest only in specifically named securities and to diversify the investments among certain types of securities. The trustee has no discretion or personal decision-making power in the matter. See also: trust

Discretionary trust

A discretionary trust, in the trust law of England, Australia, Canada and other common law jurisdictions, is a trust where the beneficiaries and/or their entitlements to the trust fund are not fixed, but are determined by the criteria set out in the trust instrument by the settlor. It is sometimes referred to as a family trust in Australia or New Zealand.

https://en.wikipedia.org/wiki/Discretionary_trust

Discretionary access control

LOGICAL ACCESS CONTROL BY RESTRICTING ACCESS TO OBJECTS BASED ON THE IDENTITY OF SUBJECTS OR THEIR BELONGING GROUPS

Discretionary Access Control; DACL

In computer security, discretionary access control (DAC) is a type of access control defined by the Trusted Computer System Evaluation Criteria

https://en.wikipedia.org/wiki/Discretionary_access_control

Wikipedia

Discretionary trust

A discretionary trust, in the trust law of England, Australia, Canada and other common law jurisdictions, is a trust where the beneficiaries and/or their entitlements to the trust fund are not fixed, but are determined by the criteria set out in the trust instrument by the settlor. It is sometimes referred to as a family trust in Australia or New Zealand. Where the discretionary trust is a testamentary trust, it is common for the settlor (or testator) to leave a letter of wishes for the trustees to guide them as to the settlor's wishes in the exercise of their discretion. Letters of wishes are not legally binding documents.

Discretionary trusts can only arise as express trusts. It is not possible for a constructive trust or a resulting trust to arise as a discretionary trust.

https://en.wikipedia.org/wiki/Discretionary trust