However, in an accumulation trust
, all of the beneficiaries of the trust must be considered in calculating the minimum required distributions, including mere remainder beneficiaries and permissible appointees under another beneficiary's power of appointment (Regs.
If the retirement benefits are left to an accumulation trust
(one in which the trustee is not required to distribute to the surviving spouse all distributions received from the plan and instead may accumulate the distributions within the trust) for the benefit of the spouse, the RMDs must begin by December 31 of the year following the year of the participant's death.
We anticipated this problem, so if we haven't heard from savers, we default them into an accumulation trust
, which is what they've always been paying into.
CHICAGO -- The following shares issued by Cash Accumulation Trust
- Liquid Asset Fund, a prime institutional money market fund managed by Prudential Investments, LLC are paid in full:
Bongard Irrevocable Stock Accumulation Trust
(ISA Trust), an irrevocable trust he created and funded in 1986 for his family's benefit.
6 billion in total assets; and the Cash Accumulation Trust
- Liquid Asset Fund had approximately $3.
Enterprise Accumulation Trust
offers separate investment portfolios that serve as the underlying funding vehicles for variable annuity contracts and variable life insurance policies; shares of these portfolios are not offered directly to the public.
The first of these two Enterprise subaccounts is the Enterprise Balanced Subaccount, which purchases shares of the Enterprise Accumulation Trust
Balanced Portfolio and seeks long-term total return.