Crummey Cake is a service designed to simplify the process of preparing, sending and storing Crummey Letters.
The letters are named after Clifford Crummey, who, in the 1960’s successfully challenged the IRS to use his annual gift exclusion with his trust. Today, with the federal estate tax rate at 40% and the individual exclusion rumored to be significantly reduced, the importance of keeping solid records of these letters can’t be overstated.
Our Service
At Crummey Cake, we offer only one product, and that is the preparation and maintenance of the letters. We strive to make the process as painless as possible, and we allow grantors to include any family member or financial advisor they wish. This ensures that when the letters are, unfortunately, needed upon the passing of the grantor, the people who need to have access to the letters will have them neatly organized and available to present to the IRS upon request.
Privacy
Rest assured that we take your privacy very seriously. We don’t ask for any personally identifiable information beyond your name and email, nor do we request any account numbers of any kind. We don’t have advertising on our site, and we don’t share your information with any third party company other than the technology providers we rely on for our service.
We hope you will allow us to help you to protect your assets for your heirs.
DEDICATED
Management Team
For anyone gifting assets to a trust, the process of preparing, sending and storing the letters required by the IRS (aka “Crummey Letters”) is cumbersome at best.
The person establishing the trust (the “Grantor”) needs to notify trustees of gifts made and often remind them to send the letters to the beneficiaries. Trustees need to track receipt and acknowledgment of the letters. The grantor then needs to retain the letters in a folder somewhere that the necessary person, often a spouse, will know where to find them, usually after the Grantor has passed.
Brian Callahan
Justin Sofer
Justin has spent more than two decades in digital media and marketing. He is the founder and CEO of Conduit Media, a boutique marketing firm focused on growth marketing. Previously he was the Chief Marketing Officer of FoundersCard, a membership community of more than 30,000 founders, entrepreneurs and CEOs. Justin also served in a variety of roles, including VP of Marketing at Travelzoo (NASDAQ: TZOO) from 2003-2018.
Justin is also on the advisory board of Tsai Capital Corporation, an investment management firm focused on the long-term growth and preservation of capital on behalf of select families and organizations. He has presented at many national conferences including the Association of National Advertisers Digital and Social Summit and the Conference on Time and Attention.
Justin received a B.A, degree from Wesleyan University in Middletown, CT, and an M.B.A. from Columbia University in New York and London Business School in London, England.
