nondiscretionary trust

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

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