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What are the two (2) primary types of trusts?

April 26, 2017primary trusts types

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What are the two (2) primary types of trusts?

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There are two basic trusts established for the purpose of distributing a settler’s estate: a discretionary trust and a support trust. A discretionary trust authorizes the trustee to pay only so much of the trust principals, corpus or interest accruing on the trust assets to the beneficiary as the trustee sees fit. The beneficiary has no control over these types of trusts.