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Named after the litigant who fought for this kind of trust and won the battle with the IRS, Crummey Trusts allow a limited amount of cash withdrawals by the trust's beneficiary. The window for these transactions is usually 30-60 days, after which point, if the beneficiary does not make a withdrawal, the gift becomes final and is locked in the trust until its termination. The right to withdraw the contribution converts it into present interest, ensuring it qualifies for gift tax exclusion. The trustee can use these gifts to pay premiums on a life insurance policy for the donor and the policy death proceeds would not be included in the donor's gross estate upon his/her death, thereby avoiding both gift and estate tax liabilities.