INSTANT DOWNLOAD: “A Fresh Look at Crummey Notifications”

What Every Estate Planner Needs to Know About Crummey Notices

Avoid Costly Mistakes with Withdrawal Right Notifications

The creation of withdrawal rights, often referred to as “Crummey” rights, in irrevocable trusts for purposes of using the gift tax annual exclusion is common.  However, the standards for creating and delivering notifications of these withdrawal rights can be confusing at best, and this often leads to inaction or the creation of retroactive, self-serving documentation.  

We have brought in the Crummey expert, Griffin H. Bridgers, J.D., LL.M. (Taxation), to put together this very timely presentation entitled “A Fresh Look at Crummey Notifications”.

In this 93-minute presentation, Griffin will cover the following: 

• When Crummey notifications are required—and when they’re not
  Discover the exact scenarios that trigger notification requirements, and just as importantly, when they aren’t necessary. Avoid wasting time on needless formalities while ensuring you’re never caught unprepared during an IRS inquiry.
• A historical analysis of how withdrawal rights have been interpreted
  Gain context by tracing the origins of Crummey withdrawal rights, including how courts and practitioners have shaped their use over time. This background equips you to better understand today’s expectations and anticipate potential future challenges.
• Current case law and IRS positions that shape today’s compliance standards
  Stay up-to-date with the latest rulings and IRS guidance. You’ll learn where the authorities are drawing the line, how they’re scrutinizing notices, and what you can do to ensure your clients’ trusts remain bulletproof.
• Practical guidelines for reviewing trusts and the applicable law
  Get step-by-step guidance on how to analyze an existing trust for compliance with Crummey notice requirements. Walk away with a practical framework you can immediately apply to your current client files.
• Drafting strategies and best practices to strengthen withdrawal right provisions
  Learn how to draft airtight provisions and notifications that minimize risk, reduce ambiguity, and stand up to both IRS and judicial review. Griffin will share proven strategies to help you protect your clients and yourself from costly mistakes.
• And much, much more!

Your purchase includes an instantly accessible video and audio recording and PDF handout materials. A PDF transcript is available as an add-on for an additional fee.