easy · Certified Financial Planner General Principles
The Ellison household established an irrevocable trust and included Crummey withdrawal powers for two beneficiaries.
To avoid triggering a taxable lapse of a power of appointment for these beneficiaries, what is the maximum restricted withdrawal amount in 2026?
- $7,500
- $19,000
- 100% of the annual gift exclusion per beneficiary.
- The greater of $5,000 or 5% of the trust assets.
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