MLchartDataset catalogue

Fixed trust

Term · Law · MLC-T-LAW-002149

A trust where the beneficiaries and their respective entitlements to the trust property are predetermined and cannot be altered by the trustee. The trustee's role is primarily administrative, distributing income and capital according to the specific terms outlined in the trust deed. This contrasts with discretionary trusts, where the trustee has power to decide distributions.

Table 1. Record
IdentifierMLC-T-LAW-002149
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002149",
  "term": "Fixed trust",
  "field": "Law",
  "definition": "A trust where the beneficiaries and their respective entitlements to the trust property are predetermined and cannot be altered by the trustee. The trustee's role is primarily administrative, distributing income and capital according to the specific terms outlined in the trust deed. This contrasts with discretionary trusts, where the trustee has power to decide distributions.",
  "url": "https://mlchart.com/terminology/law/fixed-trust/"
}

Record 2,058 of 5,445 in Law terminology (MLC-0107). Request the full dataset.