The article offers information on the Crummey Trusts in the U.S. According to the author, asset protection remains a major concern for physicians. Many of them are looking at them as a creditor shielded gifting strategy for their children. A Crummey Trust refers to an irrevocable trust into which yearly cash gifts are deposited with stipulations as to when the beneficiaries can access the trust interest and principal. Irrevocable trusts that use Crummey provisions are funded with life insurance.