Discretionary Distribution

A distributionThe act of dividing a decedent’s assets according to the terms of the decedent’s will, the terms of a trust, or according to the laws of intestacy. made by a trusteeA person who stands in a fiduciary relation to another, having been given legal title to someone else’s property for the benefit of a third party. when the trustAn arrangement in which property interests are legally held by one person (the trustee) at the request of another (the settlor) for the benefit of a third party (the beneficiary). gives the trustee the right to make their own decisions about making distributions to trust beneficiaries.