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) Crummey trusts require annual distributions to minors.
D) Donors are only subject to the gift tax when funds are distributed from Crummey trusts.
B) They are considered gifts of a present interest, permitting an annual gift tax exclusion.
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