I have a few questions about discretionary trusts that I would appreciate if someone could answer.
1. payments to the beneficiaries, does the money have to physically move or can it be a 'paper transfer'?
2. what is the maximum number of beneficiaries you can have with a discretionary trust?
3. how does moving money into the trust's account work? can anyone 'loan' money to the trust to use as investment?
thanks in advance.
Travis
1. payments to the beneficiaries, does the money have to physically move or can it be a 'paper transfer'?
2. what is the maximum number of beneficiaries you can have with a discretionary trust?
3. how does moving money into the trust's account work? can anyone 'loan' money to the trust to use as investment?
thanks in advance.
Travis