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What is Doctrine of Accumulation in Property Law about?

This document discusses the doctrine of accumulation, which places limits on how long a property owner can direct that income from a trust be accumulated (retained in the trust) rather than distributed. The key points are: 1) Under the rule against accumulations, income from a trust can generally only be accumulated for the lifetime of the transferor or 18 years, whichever is longer. 2) Exceptions allow for accumulations to pay debts, provide for children/family, or maintain the trust property even beyon

Author

ArunaML

Language

EN