Examlex
The purpose of a Crummey power in a trust is to prevent a beneficiary from gaining access to current additions to the trust.
Limitations
Restrictions or cap on the amount of time within which legal action can be initiated or certain rights can be enforced.
Equitable Remedies
Judicial solutions provided by courts in situations where legal remedies or monetary compensation are insufficient to resolve a dispute, ensuring fairness and justice.
Limitations
Limitations refer to the restricted time period within which legal action must be initiated, as dictated by statutes of limitations.
Request
The act of politely or formally asking for something.
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