nondiscretionary trust
- A trust where the trustee has no power to decide how to use or invest the trust's funds
- He established a nondiscretionary trust for his children's education, ensuring the funds are explicitly used for that purpose.
- The guidelines for the nondiscretionary trust made it clear that the funds were only for medical expenses.
- The family's inheritance was placed in a nondiscretionary trust, strictly meant for maintaining the ancestral home.
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