☩ SOTERIAN GLOSSARY ☩

Living Language Lexicon of the Soteria Covenant

Crummey Power

A beneficiary's right to withdraw contributions to an irrevocable trust for a limited period — making the contribution qualify as a present interest for the annual gift tax exclusion.

Category: Wills & Estates · Source: Crummey v. Commissioner, 397 F.2d 82 (9th Cir. 1968)
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