Non-Discretionary Trust Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Non-Discretionary Trust, written in plain English, along with examples of how it is used.

What is Non-Discretionary Trust?

It is a trust where the trustees invest only in those securities that were mentioned at the time of making the trust ; or invest only in certain specified securities and also they do not have any powers to determine the method of distribution of the trust to beneficiary.