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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.
In a discretionary trust, the trustee is given the discretion to pay the beneficiaries any amount of the trust income or capital that the trustee deems to be appropriate.Discretionary trusts are often established to manage and pass on family assets from one generation to another.n a discretionary trust, the trustee is given the discretion to pay the beneficiaries any amount of the trust income or capital that the trustee deems to be appropriate.Discretionary trusts are often established to manage and pass on family assets from one generation to another.