Accumulation Trust

A trustAn arrangement in which property interests are legally held by one person (the trustee) at the request of another (the settlor) for the benefit of a third party (the beneficiary). into which the trusteeA person who stands in a fiduciary relation to another, having been given legal title to someone else’s property for the benefit of a third party. accumulates income and gains from sales of other assets or distributions from other accounts for final disposition with the principal when the trust terminates.