This is the preference for estate planning, because heirs can be endowed with successorship seamlessly with no time delay, no probate, and no death taxes. Further, because the trustee or board of trustees are not restricted by statutory regulations as to their business and investment options, they are typically able to increase the holdings for the beneficiaries a lot more than in more restrictive trusts. That is why the NLT is called a “discretionary trust”. The trustees have discretion in how best to grow the assets for the benefit of the beneficiaries.