Talk:Discretionary trust

Family Trust[edit]

Footnote 1 seems to imply that a family trust (in Australia) is the same as a discretionary trust. I think that a family trusts are a subset of discretionary trusts, where the beneficiaries are family members. There are tax penalties if distributions are made to non family members. They are quite common in Australia, so I think there should be an article on them (or at least a stub). One source: [1].

But, I don't claim to be an expert on them (not having done any Law).

--RobBrisbane 12:02, 29 October 2006 (UTC)[reply]

I have no idea myself - I only put the footnote in because the article on Trust Law implied (under its description of discretionary trusts) that such trusts were referred to as "family trusts" in Australia. But if that is not strictly accurate, it would make sense to remove the footnote. Legis 13:30, 29 October 2006 (UTC)[reply]

yes, the article begins 'in British and Canadian Law', but discretionary trusts have an important role in Australian law too. It would bve great if some Aussie tax law expert could look over this article and Ockerify some parts of it... 116.212.202.58 (talk) 01:53, 27 May 2010 (UTC)[reply]

→ → → → Why is it that the definition of a trust has to confused by "country specific" information? Even if there is specific incidence in Australia, there is a basic concept of what a trust is as an instrument and this entry does not define it in its most rudimentary form. Practical logic is my only citation. — Preceding unsigned comment added by 71.106.164.75 (talk) 16:53, 1 May 2012 (UTC)[reply]

What does "vulnerable to attachment by the trustee" mean?[edit]

if this is a specific legal concept in these countries it should have a page explaining it, right? Like all the Latin phrases that have such pages. 2604:3D09:D78:1000:EBD5:90F0:22E0:3387 (talk) 03:39, 10 March 2024 (UTC)[reply]

despite their original source of popularity (tax savings) having diminished in most countries.[edit]

HA! is there a source for this, at all? Keep in mind that avoiding taxes is a large part of bankruptcy. Taxes don't get paid because there is no money it's all "in a trust" 2604:3D09:D78:1000:EBD5:90F0:22E0:3387 (talk) 03:43, 10 March 2024 (UTC)[reply]

Is protecting from divorce creditors really different from protecting the property from creditors in general.[edit]

Seems like this section was filled out just so it could be filled out. 2604:3D09:D78:1000:EBD5:90F0:22E0:3387 (talk) 03:47, 10 March 2024 (UTC)[reply]