1.Discuss strategies for making gifts with tax and non-tax objectives and review examples illustrating these strategies.

2.Discuss the gift tax issues on the payment of life insurance premiums when the policy is owned by another or by a trust, with a special emphasis on the use of the annual exclusion against such gifts.

3.Discuss how the Crummey power was created through a litigated case as a successful way to present interest gift to the beneficiaries of the ILIT.