A Crummey Trust

question 104

Multiple Choice

A Crummey trust

• A)provides the donor with the ability to retrieve the property.
• B)prohibits the beneficiary from withdrawing assets.
• C)allows the donor an annual exclusion for transfers.
• D)receives property that is not eligible for the annual exclusion.

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Definitions:

Tale of Genji Handscrolls

Illustrated scrolls based on the 11th-century Japanese literary masterpiece "The Tale of Genji," showcasing courtly life and aesthetics of the Heian period.

Hiragana

A phonetic cursive script developed in Japan from Chinese characters; it came to be the primary script for Japanese court poetry.

Thirty-Six Immortal Poets

A classical grouping of preeminent poets in Japanese history, celebrated in the art and literature.

Tale of Genji

An early 11th-century Japanese literary work by Murasaki Shikibu, often considered the world's first novel, chronicling the life of Hikaru Genji.