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The lapse of a Crummey power is considered a taxable gift only to the extent that the value of the property exceeds: A. $5,000 B.

The lapse of a Crummey power is considered a taxable gift only to the extent that the value of the property exceeds:

A. $5,000

B. $10,000 or the indexed amount of the gift tax exclusion

C. 5% of the trust's assets

D. the greater of $5,000 or 5% of the trust's asses

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