How a Crummey Power Unlocks Tax-Free Gifting to Trusts

Episode 12 of Estate Planning with Fexingo dives into the Crummey power, a legal mechanism that allows you to gift up to $19,000 per beneficiary per year into an irrevocable trust without triggering gift taxes. Lucas and Luna explain the 1968 IRS case that created this strategy, how the 30-day withdrawal right works, and why annual Crummey notices are critical. They also discuss common pitfalls like the five-and-five power limitation and the need for a trust protector. This episode is packed with practical insights for anyone using life insurance trusts or annual exclusion gifting. #CrummeyPower #CrummeyTrust #AnnualExclusion #GiftTax #IrrevocableTrust #ILIT #LifeInsuranceTrust #EstatePlanning #WealthTransfer #IRS #TaxStrategy #FexingoBusiness #BusinessPodcast #Finance #TrustPlanning #GiftingStrategy #TrustProtector #EstateTax Keep every episode free: buymeacoffee.com/fexingo