A notice which a A person who stands in a fiduciary relation to another, having been given legal title to someone else’s property for the benefit of a third party. of a A trust in which the trustee makes distributions to beneficiaries only up to the amount permitted for the annual gift tax exclusion. gives to a A person for whom property is held, e.g., in a trust, or who is to receive something as a result of a legal instrument, e.g., a will or insurance policy. of a Crummey An arrangement in which property interests are legally held by one person (the trustee) at the request of another (the settlor) for the benefit of a third party (the beneficiary)., letting them know they have the right to make a withdrawal from the trust. This notice must be given in order for the beneficiary to be able to claim the gift tax exclusion for the amount withdrawn.