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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.


Definitions:

Uneven Distribution

The unequal allocation of resources, wealth, opportunities, or other elements across a population, region, or among group members.

Information

Data that is processed, organized, or structured in a way that it becomes meaningful or useful to those who receive it.

Adaptive Capacity

The ability of a system, community, or individual to adjust to changes or challenges, enhancing resilience.

Upheaval

A significant disturbance or disruption, often causing chaos or change in a system or society.

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