| Commentary

164 Power of accumulation

| Commentary

164 Power of accumulation

In those cases where it is felt that the funds available at the outset may be insufficient to enable the work of the intended charity to be carried on, the testator may wish to include an express power or duty of accumulation whereby unspent income is added to capital. This should be distinguished from the normal power which is used on occasion to reserve income for a specific future use, where the income retains its character as such. A general power of or trust for accumulation which is conferred by will is now limited to a

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