Crummey Trust Successful

Wendy C. Gerzog (Professor of Law, University of Baltimore School of Law) recently published her article entitled FLP Loss But Crummey Win, Tax Notes Vol. 133, No. 9 (2011). The abstract available on SSRN is below:

In Turner the Tax Court determined that section 2036 applied to the decedent’s transfers of assets to his family limited partnership but that the insurance premiums he paid indirectly to his insurance trust qualified for the annual exclusion.