Question

Which of the following types of trust is/are mentioned in the given options?

1) Spray trust
2) Sprinkling trust
3) Discretionary trust
4) All of the above

Answer 1

The type of trust mentioned in the given options is 3) Discretionary trust.

Step-by-step explanation:

In the given options, the type of trust mentioned is

• Discretionary trust

Spray trust and sprinkling trust are not mentioned in the options. Discretionary trust is a type of trust in which the trustee has the discretion to decide how to distribute the trust assets among the beneficiaries. It allows the trustee to make decisions based on the needs and circumstances of the beneficiaries.

This type of trust provides flexibility and can be useful in situations where the beneficiaries may have varying needs or financial situations.