Irrevocable Insurance

 Irrevocable Life Insurance Trust - Beneficiaries Have Crummey Right of Withdrawal
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Description trust beneficiaries

A Crummey trust is a trust that takes advantage of the gift tax exclusion and also keeps money in trust by placing significant restrictions on the recipient's right to withdraw. The trust allows a limited amount of withdrawals by the trust's beneficiary, during a limited window each year.

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