MLchartDataset catalogue

Accumulation trust

Term · Law · MLC-T-LAW-000322

A type of trust where the trustee is directed or permitted to retain and accumulate income generated by the trust assets, rather than distributing it immediately to the beneficiaries. The accumulated income is then added to the trust's principal. Distribution of both income and principal typically occurs at a later specified date or upon the happening of a certain event, such as a beneficiary reaching a particular age.

Table 1. Record
IdentifierMLC-T-LAW-000322
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000322",
  "term": "Accumulation trust",
  "field": "Law",
  "definition": "A type of trust where the trustee is directed or permitted to retain and accumulate income generated by the trust assets, rather than distributing it immediately to the beneficiaries. The accumulated income is then added to the trust's principal. Distribution of both income and principal typically occurs at a later specified date or upon the happening of a certain event, such as a beneficiary reaching a particular age.",
  "url": "https://mlchart.com/terminology/law/accumulation-trust/"
}

Record 84 of 5,441 in Law terminology (MLC-0107). Request the full dataset.