A Discretionary Trust is one of the most flexible types of trust structure.

In this type of trust, Imara Trust as Trustee has full discretion to decide on the share of the trust capital and income which each beneficiary may receive. As a result, it provides more flexibility than a Fixed Interest Trust and the Trustees can respond to future circumstances as and when they arise. No beneficiary is entitled to any right over the trust property and this can be a main benefit when using this type of trust for estate and succession planning purposes.

In administering a Discretionary Trust, the Trustee should receive guidance from the settlor as to the distribution of capital and income and this is given in the form of a letter of wishes. This letter may be amended from time-to-time or totally revoked but, whilst it provides useful guidance for the Trustee, it is not legally binding and the Trustees retain overall control of the trust assets.

We have extensive experience in discretionary trust services and the expertise of our teams lend well to the use of this type of trust.

Our services include:

• Drafting of trust deed to meet client’s specific requirements.
• Transfer-in of trusts from various jurisdictions.
• Provide a Private Trust Company* to act as trustee of the trust.
• Provide a corporate trustee for the trust.
• Offer holding companies to hold assets of the trust.
• Full administration services.
• Provision of statutory services.
• Accounting services.