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Mandarini Mandarini
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7 years ago
Why are Crummey trusts popular for minors?
A) They are considered gifts of a future interest and allow the donor to take an exclusion.
B) They are considered gifts of a present interest, permitting an annual gift tax exclusion.
C) Crummey trusts require annual distributions to minors.
D) Donors are only subject to the gift tax when funds are distributed from Crummey trusts.
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Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts

Prentice Hall's Federal Taxation 2014 Corporations, Partnerships, Estates & Trusts


Edition: 27th
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strwbrrystrwbrry
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7 years ago
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Every man, wherever he goes, is encompassed by a cloud of comforting convictions, which move with him like flies on a summer day.
   --Bertrand Russell, 1950

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Mandarini Author
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6 years ago
Definitely recommend this tutor and website!

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