Accumulation Trust


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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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However, if an accumulation trust is used, this method will deplete the plan benefits if the spouse lives to his or her life expectancy, leaving nothing for the remainder beneficiaries.
Because the spouse is entitled to only the income from the plan and the marital deduction rules do not require the spouse to receive the entire RMD if it exceeds the plan's income, the trustee of an accumulation trust may withdraw from the retirement plan the greater of the RMD or the income from the plan and pass to the spouse only the plan's income.
Leaving retirement benefits to trusts: pitfalls for the unwary
As of the same date, the Cash Accumulation Trust - Liquid Asset Fund's weighted-average maturity was 44 days.
Fitch Affirms 'AAA/V1+' Ratings of 2 Prudential Money Market Funds
the registered investment adviser for The Enterprise Group of Funds and Enterprise Accumulation Trust, has more than $7 billion in combined assets under management.
which provides mutual fund investment advisory services for The Enterprise Group of Funds and the Enterprise Accumulation Trust, is a member of The MONY Group Inc.
Enterprise Growth Named as One of S&P's Select Funds
The transaction does not include the assets of Quest for Value's Primary, Government and three municipal portfolios of Quest Cash Reserves or the seven portfolios of the Quest for Value Accumulation Trust offered in variable annuity and variable life insurance products.
Oppenheimer Management Corp. agrees to acquire the assets of 12 Quest For Value mutual funds; Oppenheimer Management Corp. to offer expanded family of funds
Patricia Mock, director of private client services at Deloitte, said: "Historically, transfers into interest in possession trusts and accumulation trusts have been potentially exempt for inheritance tax and are exempt if the donor survives for seven years after the gift.
BUDGET: New threshold makes dying less costly; Inheritance tax
Under the throwback rules, severe penalties are levied on beneficiaries of multiple accumulation trusts.
Income tax planning for trust and estate distributions
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