A "Crummey Demand Power" in a Trust Document Allows the Donor

question 77

True/False

A "Crummey demand power" in a trust document allows the donor to demand a distribution from the trust in years in which earnings exist within the trust.

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Definitions:

Job-Order Costing

An accounting method that tracks the costs associated with creating a specific product or delivering a specific service, making it possible to calculate the profit on individual jobs.

Predetermined Overhead Rate

A rate calculated before a period begins, used to allocate overhead costs to products or services based on a selected activity base.

Automated Shaper

A machine tool that operates under programmed control to shape materials.

Capacity

The maximum level of output that a company can sustain to make a product or provide a service.