discretionary trust

NOUN
19 LETTERS · STARTS WITH D

discretionary trust is a valid 19-letter word worth 24 points in Scrabble and 26 points in Words with Friends.

SCRABBLE WORDS WITH FRIENDS
D2I1S1C3R1E1T1I1O1N1A1R1Y4T1R1U1S1T1
2 + 1 + 1 + 3 + 1 + 1 + 1 + 1 + 1 + 1 + 1 + 1 + 4 + 0 + 1 + 1 + 1 + 1 + 1 =24 PTS
DOUBLE WORD → 48TRIPLE WORD → 72
MEANING

What does discretionary trust mean?

NOUN · 1 SENSE
1

A trust that gives the trustee discretion to pay the beneficiary as much of the trust income as the trustee believes appropriate.

BROADER