For those who have utilized Irrevocable Gifting Trusts or Irrevocable Life Insurance Trusts, a Crummey Letter is required each year for purposes of gifting.
If this letter is not put in place, the annual exclusion (now $13,000) is not available for the amounts gifted.
It is a technicality that many fail to satisfy.
Don’t get caught in that situation. Download one of the form options below, print it and fill it out and have it filed by your Elder Law attorney.
Crummey Letter form
Download Crummey Letter (You can fill this form out online, save it and send it to us. Or if you prefer, you can print this form, fill it out by hand and email it to us).