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Accumulation Trust

   Also found in: Legal 0.01 sec.
Accumulation Trust
A trust into which the grantor places assets under the direction of a trustee. Unlike other trusts, the trustee is not allowed to give the assets themselves to the beneficiary. Rather, the trustee invests the assets and delivers the gains to the beneficiary.


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Bongard Irrevocable Stock Accumulation Trust (ISA Trust), an irrevocable trust he created and funded in 1986 for his family's benefit.
We anticipated this problem, so if we haven't heard from savers, we default them into an accumulation trust, which is what they've always been paying into.
20) This applies to a accumulation trusts created after Feb.
 
 
 
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