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:

Identity Crisis

A period of uncertainty and confusion in which a person questions their sense of self and may explore different aspects of their identity.

Erik Erikson

A developmental psychologist best known for his theory on the psychosocial development of human beings.

Adolescence

The period marked by physical and mental development, occurring from puberty to the age at which one is considered a legal adult.

Identity

The sense of self, defined by individual characteristics, beliefs, values, and social relationships that distinguish a person.