Estate Plan Checkup For July

DON’T FORGET CRUMMEY RESPONSIBILITIES

Many clients have been given copies of “Crummey” letters to send to trust beneficiaries who have rights of withdrawal (“Crummey Powers”) in the Trust Agreement.

Please remember to send Crummey letters annually.  Ask the beneficiaries to sign them and send them back to the trustee.  After the signed Crummey letters are received from the beneficiaries, maintain a file that contains the signed Crummey letters.

Questions?  Call Mary Jo Corsetti at 412-454-0228.

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