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 forms
Download Crummey Letter in Word (You can open this version in Word, fill it out and print it off).
Download Crummey Letter in PDF (If you don’t have MS Word, you can print this out from Adobe Acrobat and fill it out by hand).
Columbus, Ohio Crummey Letter