Talk:Discretionary trust
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[edit] Family Trust
Footnote 1 seems to imply that a family trust (in Australia) is the same as a discretionary trust. I think that a family trusts are a subset of discretionary trusts, where the beneficiaries are family members. There are tax penalties if distributions are made to non family members. They are quite common in Australia, so I think there should be an article on them (or at least a stub). One source: [1].
But, I don't claim to be an expert on them (not having done any Law).
--RobBrisbane 12:02, 29 October 2006 (UTC)
- I have no idea myself - I only put the footnote in because the article on Trust Law implied (under its description of discretionary trusts) that such trusts were referred to as "family trusts" in Australia. But if that is not strictly accurate, it would make sense to remove the footnote. Legis 13:30, 29 October 2006 (UTC)
