Discretionary Beneficiary

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Dictionary Says

Definition of 'Discretionary Beneficiary'

Discretionary beneficiaries are those named in a trust or similar document to whom distributions may be made. While discretionary beneficiaries may apply for distributions, it is up to the trustees to determine whether the payment will be made. In the United States, a discretionary beneficiary has no legal proprietary interest in the trust.
Investopedia Says

Investopedia explains 'Discretionary Beneficiary'

There is usually a reason for a person to be named a discretionary beneficiary. For example, they may be young or have bad financial habits, or they have many unpaid creditors. While the trustees still have fiduciary responsibilities to a discretionary beneficiary, it is difficult to enforce this responsibility unless there is a specific letter of intent by the grantor of the trust.
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'Discretionary Beneficiary'

  • Series 26 Study Guide - Mutual Fund Accounts - Types of Account ...

    http://www.investopedia.com/exam-guide/series-26/mutual-fund-accounts/types-account-agents.asp
    ... investment objectives and that are in the best interests of the beneficiary. ...
    Discretionary Accounts Rule 2510 of the Investment Company Act of 1940 regulates ...

  • Avoiding "Prohibited Transactions" In Your IRA

    http://www.investopedia.com/articles/retirement/03/073003.asp
    ... of your IRA assets by you - the IRA owner - your beneficiary, or certain ... Any party
    that exercises discretionary authority or discretionary control in managing ...

  • Asset Distributions A Key Consideration For Retirees

    http://www.investopedia.com/articles/retirement/08/qualified-plan-distributions.asp
    ... or a series of irregular and/or unequal (non-annuity/discretionary) payments. ... option
    is meant to protect the retiree's spouse and/or beneficiary by requiring ...

  • Investing In South Korea Olympic Win

    http://stocks.investopedia.com/stock-analysis/2011/Investing-In-South-Korea-Olympic-Win-SKOR-EWY-SHG-PKX0712.aspx
    ... in consumer discretionary, 17% in industrials and 16% in materials. One of the largest
    holdings is steel company POSCO (NYSE:PKX), a potential beneficiary of a ...

  • Pension Protection Act Of 2006 Becomes Law

    http://www.investopedia.com/articles/retirement/06/ppa2006.asp
    ... 25% of compensation, while having the flexibility of discretionary contributions
    that ... distributions after December 31, 2006 A spouse beneficiary who inherits ...

  • Smooth Waters For Carnival

    http://stocks.investopedia.com/stock-analysis/2010/Smooth-Waters-For-Carnival-CCL-RCL-STNR0922.aspx
    ... Cruising Along Despite being a discretionary expenditure, cruises may actually start
    doing ... A beneficiary of the strengthening cruise industry could be Steiner ...

  • If The Shoe Fits, Buy The Stock

    http://stocks.investopedia.com/stock-analysis/2009/If-The-Shoe-Fits-Buy-The-Stock-WWW-DECK-TBL-SKX-CROX0717.aspx
    ... per share in cash. Waiting for the Other Croc to Drop A less likely beneficiary
    is Timberland. The company is currently preoccupied ...

  • Estate Planning: Marital And Non-Marital Trusts | Investopedia

    http://www.investopedia.com/university/estate-planning/estate-planning7.asp
    ... An estate trust may be used to provide discretionary distributions to the surviving ...
    becomes the owner of the policy and also becomes the beneficiary of the ...

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