Bare Trust vs Discretionary Trust: Which Suits Your Family Assets?

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Choosing between a bare trust and a discretionary trust really comes down to how much control and flexibility you want over your family assets. With a bare trust, the beneficiary has an immediate right to the assets and income, which can be straightforward but offers less protection. A discretionary trust, on the other hand, lets trustees decide how to distribute assets among a group of beneficiaries, providing more flexibility and potential tax benefits—ideal if you want to safeguard assets fo…