Trust Agreement Cyprus

A discretionary trust allows administrators to pay the income or principal of a trust to one or all persons of a certain class of persons defined in the trust ind trust ind trust. The mandatary can also be measured by the moment he pays money to one of the members of the class. Therefore, none of the beneficiaries is entitled to be paid under the trust fund, since the trustee may exercise his discretion and defer such a payment, or even decide not to pay a given beneficiary at all. . . .


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