Accumulation trust is an arrangement by which the settler directs the trustee to accumulate income and gains from sales of trust assets until the time specified in the document that created the trust. Therefore in accumulation trusts the income is retained and not paid out to beneficiaries until certain conditions are met.
If you view this content and need to ask a related question or need services that relate to this question, Contact me.
All content is for informational purposes only. It is also only intended to relate to Mississippi Estate Planning Law. If other states are mentioned, they are mentioned as an example only. No legal advice is provided in this content. Laws change so you need to check for any updates by current laws in Mississippi.
