hard · Certified Financial Planner Risk Management
A trust beneficiary has a 'Crummey' withdrawal power. The trust is funded with 80,000 this year.
To avoid triggering a taxable lapse of a power of appointment for the beneficiary, what is the maximum amount the withdrawal power should be restricted to under the 'five and five' rule?
- $5,000
- $9,000
- $19,000
- $4,000
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