The Crummey Letter is a letter sent to the beneficiaries of an irrevocable trust informing them that a gift has been made to the trust and that they have immediate and unrestricted right to withdraw said assets. Crummey Letters classify the gift as a “completed gift” for tax purposes otherwise it will not qualify for the annual gift tax exclusion. Due to this permanence of the gift being completed, someone cannot send a Crummey Letter and withdraw the funds at a later date due to circumstance or the asset(s) being given under conditional acceptance.