What is a discretionary trust and what are the characteristics of a discretionary Trust?
British Columbia, Canada
The following excerpt is from S.A. v. Metro Vancouver Housing Corporation, 2017 BCCA 2 (CanLII):
The characteristics of a discretionary trust are not in dispute. This Court in Purtzki v. Saunders, 2016 BCCA 344 described discretionary trusts as follows:
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