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Crummey trusts are trust agreements that allow the beneficiary to withdraw the contribution made by the grantor to the trust. In this discussion, you identify
Crummey trusts are trust agreements that allow the beneficiary to withdraw the contribution made by the grantor to the trust. In this discussion, you identify the methods used to prevent estate tax liabilities. Describe one of the three methods used to prevent estate tax consequences from the lapsing of a general power of appointment created by a Crummey power. Be specific.
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