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.
As of the same date, the Cash Accumulation Trust
- Liquid Asset Fund's weighted-average maturity was 44 days.
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.
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.
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.
Under the throwback rules, severe penalties are levied on beneficiaries of multiple accumulation trusts