Mecklenburg North Carolina Irrevocable Life Insurance Trust - Beneficiaries Have Crummey Right of Withdrawal

Category:
State:
Multi-State
County:
Mecklenburg
Control #:
US-0642BG
Format:
Word; 
Rich Text
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Description

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,
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Mecklenburg North Carolina Irrevocable Life Insurance Trust - Beneficiaries Have Crummey Right of Withdrawal