Our North Carolina forum, Our weather forum. 1  City-Data.com. 2  North Carolina big cities. 3  North Carolina smaller cities.  North Carolina small 1  cities. St. Pauls detailed profile.  St. Pauls, NC Weather.
Discretion is defined as the right of someone to make choices or the quality of someone who is careful about what they do or say. An example of discretion is the ability of a juror to determine a verdict. An example of discretion is not talking about politics at family dinners.
What is a Discretionary Trust? In a discretionary trust (or family trust) the beneficiaries do not have a fixed entitlement or interest in the trust funds. The trustee has the discretion to determine which of the beneficiaries are to receive the capital and income of the trust and how much each beneficiary is to receive. The trustee does not have a complete discretion.