{"Term":"Discretionary beneficiary","Definition":"\u003cp\u003eA person who may benefit under a trust either:\u003c/p\u003e\n\u003cul\u003e\n    \u003cli\u003eat the discretion of the trustee\u003c/li\u003e\n    \u003cli\u003eby power of appointment. \u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eThe discretionary beneficiary does not have a fixed, vested or contingent interest in the trust property.\u0026nbsp;\u003c/p\u003e\n\u003cp\u003eYour trust deed may describe discretionary beneficiaries as a class or group - for example, children of the settlor. If this is the case, describe the class to us when registering the New Zealand foreign trust.\u003c/p\u003e","TeReoTerm":"","TeReoDefinition":""}