Trusts FAQ - What types of trusts are there?
Date: March 04, 2011
Q. What types of trusts are there?
A. The range of trusts can be broadly divided into 3 types: -
- discretionary trusts - where the trustee has a discretion when distributing funds to the beneficiaries.
- unit trust - were unit holders have a number of units in the trust. Distribution from the trust is on the basis of the number of units held.
- hybrid trust - this is a combination between a unit trust and a discretionary trust.
