Secrecy Jurisdictions

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Term Definition
Accumulation period
Some jurisdictions, such as the UK, stipulate that a trust may not exist in perpetuity and that the capital of the trust must instead after a stipulated accumulation period be distributed to the beneficiaries. The length of such period varies depending on the trust deed and nature of the trust. Some jurisdictions, usually in secrecy jurisdictions, allowed trusts to continue in perpetuity.
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