Discretionary Trust of ResidueA Discretionary Trust of Residue is a type of trust that can be established to hold the remaining assets of an estate after specific gifts have been distributed. This type of trust is created in a person's will and comes into existence after their death. In a Discretionary Trust of Residue, the assets are held by the trustees who have the power to distribute them to the beneficiaries at their discretion. The beneficiaries of the trust may be named in