id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
inlawrev-2864	Yates, C. Daniel; Chenoweth, Michael O.	Estate Planning: The Use of Irrevocable Life Insurance Trusts	1990	14	.pdf	application/pdf	6003	291	61	^^ IRS private letter rulings regarding irrevocable life insurance trusts have allowed the delivery to the Crummey powerholders of a schedule of future premium payments to serve as '^continuing notice to persons holding Crummey powers. Therefore, with respect to the vast majority of irrevocable life insurance trusts, the lapse of a Crummey pov^er to withdraw trust property in excess of $5,000 will subject the designated Crummey powerholder or his estate to liability for gift or estate taxes, respectively, even though he did not receive any funds from the trust with which to pay these taxes.	cache/inlawrev-2864.pdf	txt/inlawrev-2864.txt