accretion
Accretion from natural causes (also referred to as alluvion ) adds soil, sand, and other types of earth to the part of a person’s property that borders water. While this occurs very slowly, a piece of property may grow a lot over time and increase its value. Any addition to one’s property by accretion becomes that person’s legal property. This is in contrast with avulsion , where the original owner of the moved earth continues to own it. Avulsion occurs when large parts of a person's property suddenly move away due to natural events such as flooding.
Accretion in estates occurs where a beneficiary to a trust receives more than their original share of the trust. Often, this occurs because one of the other beneficiaries does not take their share or does not fulfill a requirement for them to receive their share of the trust.
[Last reviewed in November of 2024 by the Wex Definitions Team ]
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