Charlie recently established an ILIT and transferred his life insurance policy with a death benefit of $1 million into the ILIT. Charlie named his wife Sarah and son Steven as a Crummey beneficiaries. As Crummey beneficiaries, each beneficiary is entitled to withdraw one-half of the contributions to the ILIT each year up to the greater of $5,000 or 5% of the ILIT assets (other than the $50,000 transferred to the trust each year to pay the premiums, the trust has no other assets with value). Charlie transfers $50,000 each year to the ILIT to pay the premiums and Charlie wants to reduce the gift tax value of the $50,000 premiums transferred to the trust each year and avoid Crummey lapses. What gifting technique is available to Charlie to reduce the taxable gift