Related Definitions
What is Accumulation Trust?
A trust in which income is accumulated rather than distributed to beneficiaries, allowing the trustee to retain income for future use.
A type of trust in which the trustee is not required to distribute income to the beneficiaries immediately. Instead, the trustee can accumulate the income and distribute it later, often at specific ages or milestones. This type of trust is beneficial for long-term financial planning or for protecting assets for beneficiaries who may not yet be capable of managing large sums of money on their own.
Overseeing the Administration of a Trust?
RMO can guide you through the complexities of trust administration processes.Serving clients across California and Texas
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