[EstGift] Right to Add Crummey Power Holder to ILIT

[Don Marchand]

      Is the settlor's reservation in an ILIT of a right to add to the
holders of a Crummey power an "incident of ownership" under Sec.

2042 which would bring the assets of the ILIT back into the Settlor's
estate?  Older form books included such a power, but the recent editions
do not.

Don Marchand

Member

Ivey, Barnum & O'Mara, LLC

170 Mason Street

Greenwich, CT 06830

Tel:  203-661-6000

Fax:  203-661-9462

 

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