Discretionary Trusts Explained: 4 Key People to Know | LegalVision
Discretionary Trusts Explained: 4 Key People to Know | LegalVision
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Jaime Stefanac • Estate Planning Lawyer on Instagram: "This is one of the most common questions families ask — and the confusion makes sense. Both a Family Trust and a Testamentary Trust are discretionary trusts, both offer tax flexibility, and both can protect assets. But they work very differently, and the outcomes for your family can be worlds apart. Here’s the general breakdown: 1. A Family Trust is created while you’re alive. It’s a living structure you actively run. You choose the trustee,
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