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Which of the following statement(s) about Discretionary Trust is/are correct?
Suggested Answer: C
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24 comments · newest first
HI
Hillary
6 months ago
I prefer D. Only (ii) feels accurate to me.
RO
Rosalind
6 months ago
I'm going with option C. (iii) is definitely off.
AL
Alease
6 months ago
I feel option B makes sense. Excluding (i) seems right.
RO
Robt
7 months ago
I think it's tricky. I lean towards option A.
LO
Lou
7 months ago
I thought discretionary trusts were only for wealthy families.
DE
Delila
7 months ago
Wait, are you sure about that? Seems off to me.
SY
Sylvia
7 months ago
Definitely A! All of them are true.
WI
Wilda
7 months ago
I think B is correct, but I'm not 100% sure.
SU
Sueann
7 months ago
Discretionary trusts allow trustees to decide how to distribute income.
CA
Carin
8 months ago
Haha, this question is like a trust exercise - you gotta be careful which option you choose!
PA
Pamella
8 months ago
I'm going with C. The wording on (iii) seems a bit off to me.
AN
Annette
8 months ago
I think D is the correct answer, but I'm curious to see what the others think.
NA
Nan
9 months ago
Hmm, this one's tricky. I'm leaning towards B, but I'm not 100% sure.
LE
Leatha
9 months ago
I remember that discretionary trusts can be quite flexible, but I’m not confident about which statements are definitely correct. I might lean towards option A, but I need to double-check.
AL
Alberta
9 months ago
I’m a bit confused about statement (iii). I feel like it might be true, but I can't recall the details clearly.
SA
Sarah
9 months ago
I practiced a similar question last week, and I believe option B might be correct since it excludes the first statement, which seemed a bit off.
RY
Ryan
9 months ago
I think I remember that discretionary trusts allow the trustee to decide how to distribute income, but I'm not sure about the specifics of each statement.
MI
Micheline
10 months ago
Alright, time to put my trust knowledge to the test. I'll need to really focus and not rush through this question.
AN
Andree
10 months ago
Okay, let me break this down. I know discretionary trusts give the trustee some flexibility in how they distribute the assets. I'll need to analyze each statement to see which ones are accurate.
DO
Domitila
10 months ago
Hmm, this looks tricky. I'm not too familiar with the details of discretionary trusts. I'll have to think this through carefully.
NY
Nydia
10 months ago
I think I can handle this one. The key is to carefully read through each statement and determine which ones are correct.
JU
Julieta
6 months ago
I think option A covers everything well.
BE
Beth
6 months ago
Definitely! Each statement has its nuances.
GA
Gail
6 months ago
I agree, reading carefully is crucial.