[WSBAPT] Trust Question

[Mark Higgins]

Heather, as I recall there is an alternative to granting Crummy powers--a
window for the kid to make withdrawals when the kid attains age 21.​

Mark

On Fri, 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*
>
> *[image: cid:image001.jpg at 01D013C2.30F35160]*
>
> 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: *  *[image:
> FB Logo]* <https://www.facebook.com/DeVriezeCarney>
>
>
>
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-- 
Mark T. Higgins
Mark T. Higgins, P.C.
P.O. Box 57
Darrington, WA 98241
206-491-2420
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