One Advantage of a Crummey Trust Over a § 2503

question 11

True/False

One advantage of a Crummey trust over a § 2503 (c) trust is that the distribution of trust corpus can be delayed beyond the date when the beneficiaries reach age 21.

---

Definitions:

Alternative Hypothesis

The hypothesis that contradicts the null hypothesis, typically proposing a new effect, difference, or relationship.

P-Value

The likelihood of achieving outcomes in a test that are at least as significant as those observed, under the assumption that the null hypothesis holds true.

Null Hypothesis

A default hypothesis that there is no significant difference or effect, used as a starting point for statistical testing.

Level Of Significance

The probability of rejecting the null hypothesis in a statistical test when it is actually true; a threshold for determining the statistical significance.