[WSBAPT] Trust Question

[John J. Sullivan]

Heather:

Designate who should receive the notices in the trust agreement. 

http://www.americanbar.org/content/dam/aba/events/taxation/taxiq-fall11-sellers-crummey-paper.authcheckdam.pdf

John Sullivan

Sent from my iPhone

> On Dec 11, 2015, at 12:55 PM, Heather deVrieze <heatherd at westseattlelaw.com> wrote:
> 
> Whether it has simply been too long since I have looked at this issue, or just Friday memory, I would appreciate some input from the group.
>  
> Clients, young married couple with baby, have wealthy parents who want to contribute annual gift tax exempt amounts to grandchild, not in 529, or in Custodial account or similar, but into a trust. Grandparents have asked young couple, my clients to establish the trust quickly so they can get this year’s exclusion gift in it.
>  
> I’m not sure how to include Crummy powers when the parents are going to be the grantors and trustees but the baby is going to be the beneficiary and would appreciate any suggestions for how to make sure the gifts to the trust qualify for annual exclusion.
>  
> Heather
>  
> Heather S. de Vrieze
> Attorney-at-Law
> <image003.jpg>
> 3909 California Avenue SW
> Seattle, WA 98116-3705                         
> (206)938-5500
> heatherd at westseattlelaw.com
> www.westseattlelaw.com
>  
> Click here to connect with de Vrieze | Carney on Facebook:   
>  
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