The trustee of the Miguel Trust can distribute any amount of accounting income and corpus to the trust's income beneficiaries, Paula and George. This year, the trust incurred the following.
The trustee distributed $40,000 to Paula and $40,000 to George.
Definitions:
Long-term Effects
The consequences or impacts of an action or decision that appear over an extended period.
CEOs
Chief Executive Officers, the highest-ranking person in a company or organization, ultimately responsible for making managerial decisions.
High-level Executives
Senior individuals within an organization who are responsible for making major decisions, setting strategic directions, and ensuring operational excellence.
Training
The process of enhancing the skills, capabilities, and knowledge of employees for the effective performance of a particular job or task.
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