What is another word for discretionary trust?
Pronunciation: [dɪskɹˈɛʃənəɹi tɹˈʌst] (IPA) 
A discretionary trust is a type of trust in which the trustee has the power to distribute the trust's income and principal at their discretion. This type of trust is often used for tax planning purposes or to provide for family members who may not be able to manage their own finances.
There are several synonyms for the term "discretionary trust", including "family trust", "asset protection trust", and "spendthrift trust". Each of these terms refers to a trust that is established for the benefit of a specific group of people, and which allows the trustee to make decisions about how the trust's assets are distributed.
Other possible synonyms for discretionary trust might include "revocable trust", "living trust", or "inter vivos trust".
