Hugh Humphrey creates a trust and provides that Donna Drums, a beneﬁciary, is to receive $10,000 from the corpus of the trust when she graduates from medical school, $20,000 when she marries, 1,000 shares of Candy stock on her thirtieth birthday, and a parcel of real estate on her fortieth birthday. Do the distributions qualify for exemption under Code Sec. 663(a)?

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The Answer of Hugh Humphrey creates a trust and provides that Donna Drums, a beneﬁciary, is to receive $10,000 from the corpus of the trust when she graduates from medical school, $20,000 when she marries, 1,000 shares of Candy stock on her thirtieth birthday, and a parcel of real estate on her fortieth birthday. Do the distributions qualify for exemption under Code Sec. 663(a)?

Hugh Humphrey Creates a Trust and Provides That Donna Drums