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Which of the following is true concerning Crummey powers. Allows a gift to qualify for the annual exclusion. Typically found within revocable trusts. Is a provision found within an irrevocable life insurance trust. Question 20 options: I and II II only I and III III only

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Which of the following is true concerning Crummey powers. Allows a gift to qualify for the annual exclusion.

  1. Typically found within revocable trusts.

Is a provision found within an irrevocable life insurance trust.

Question 20 options:

I and II

II only

I and III

III only

 
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