Why are Crummey trusts popular for minors?
A) They are considered gifts of a future interest and allow the donor to take an exclusion.
B) They are considered gifts of a present interest, permitting an annual gift tax exclusion.
C) Donors are only subject to the gift tax when funds are distributed from Crummey trusts.
D) Crummey trusts require annual distributions to minors.
Correct Answer:
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