How Crummey Notices Work

Preserving Gift Tax Exclusions

Crummey notices are a core requirement in many ILITs. They provide beneficiaries with a temporary right to withdraw contributions, allowing gifts to qualify for the annual gift tax exclusion.

Focused Trust Administration

Contribution is made to the ILIT
Trustee sends written notice to beneficiaries
Beneficiaries have a limited withdrawal window (typically 30 days)
If no withdrawal occurs, funds remain in trust for premium payments

Why Administration Matters

The IRS expects withdrawal rights to be real, timely, and documented. Missed notices or poor records can jeopardize intended tax benefits. FCG manages this process carefully and consistently.

Have Questions? Let's Talk.

If you’re considering a life insurance trust—or already have one in place—a short introductory call can help clarify next steps. We’re happy to answer questions, explain how the process works, and help you understand whether professional trust administration is a good fit for your situation.