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Discretionary vs Specific Trusts | Which Family Trust Structure Works for You?

In the 6th instalment of our Trust Series, Monika Taparia, Head of Legal at AasaanWill, explains the key difference between Specific Trusts and Discretionary Trusts—and how this choice shapes your succession planning.

Specific Trust – Clear allocation of assets (e.g., 40% to one child, 60% to another).
Discretionary Trust – Trustees decide distributions based on changing family circumstances.

The right structure depends on what your family needs more: clarity or flexibility.

Watch to understand which trust type best protects your wealth and your beneficiaries.

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