September 2024 AFRs and 7520 Rate -
The September 2024 Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 4.8%, a decrease from the August 2024 rate of 5.2%. The September...more
9/13/2024
/ AFR ,
American Bar Association (ABA) ,
Beneficiaries ,
Decanting ,
Declaratory Relief ,
Due Process ,
Estate Planning ,
Ethics ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Interest Rates ,
Intra-Family Loans ,
Irrevocable Trusts ,
IRS ,
Loper Bright Enterprises v Raimondo ,
Noncompliance ,
Probate ,
Proposed Regulation ,
Retirement ,
Settlement ,
Statutory Requirements ,
Unclean Hands ,
Uniform Trust Code ,
Wealth Management
The September 2024 Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 4.8%, a decrease from the August 2024 rate of 5.2%. The September applicable federal rate (“AFR”) for use...more
9/6/2024
/ Administrative Procedure Act ,
AFR ,
Beneficiaries ,
Chevron Deference ,
Compliance ,
Confidentiality Policies ,
Connecticut ,
Decanting ,
Declaratory Relief ,
Delaware ,
Due Process ,
Estate Planning ,
Federal Taxes ,
Florida ,
Grantor Retained Annuity Trusts (GRATs) ,
Interest Rates ,
IRS ,
Long Arm Statute ,
Loper Bright Enterprises v Raimondo ,
Probate ,
Proposed Regulation ,
Settlement Agreements ,
Trustees ,
Trusts ,
Uniform Trust Code ,
Vesting ,
Wealth Management
June 2024 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts -
The June Section 7520 rate for use in estate planning techniques such as CRTs, CLTs, QPRTs...more
6/12/2024
/ Generation-Skipping Transfer ,
Gift Tax ,
Grantor Retained Annuity Trusts (GRATs) ,
Income Taxes ,
Individual Retirement Account (IRA) ,
Intentionally Defective Grantor Trusts ,
Interest Rates ,
Intra-Family Loans ,
IRS ,
Proposed Regulation ,
Required Minimum Distributions ,
Retirement Plan ,
SECURE Act ,
Split-Interest Charitable Trusts ,
Tax Exemptions ,
Wealth Management
January 2024 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts -
The January applicable federal rate (“AFR”) for use with a sale to a defective grantor...more
Shining a Light on the Corporate Transparency Act: FinCEN’s Rules for Beneficial Ownership Reporting -
On January 1, 2021, Congress enacted the Corporate Transparency Act (the “CTA”) as part of the Anti-Money Laundering...more
12/12/2023
/ Anti-Money Laundering ,
Beneficial Owner ,
Commodity Trading Advisors (CTAs) ,
Corporate Transparency Act ,
Due Diligence ,
Financial Crimes ,
Financial Institutions ,
FinCEN ,
Grantor Retained Annuity Trusts (GRATs) ,
Investment Adviser ,
Investment Companies ,
Law Enforcement ,
National Security ,
NDAA ,
Ownership Interest ,
Penalties ,
Publicly-Traded Companies ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934 ,
Smaller Reporting Companies ,
Venture Capital ,
Wealth Management
November Interest Rates for GRATS, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts -
The November Section 7520 rate for use with estate planning techniques such as CRTs, CLTs,...more
11/14/2023
/ AFR ,
Beneficiaries ,
Gift Tax ,
Grantor Retained Annuity Trusts (GRATs) ,
Intentionally Defective Grantor Trusts ,
Interest Rates ,
Intra-Family Loans ,
Marital Trusts ,
Revocable Trusts ,
Special Needs Trust ,
Split-Interest Charitable Trusts ,
Wealth Management
The August 2023 Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 5%, an increase from the July 2023 rate of 4.6%. The August applicable federal rate (“AFR”) for use with a sale...more
8/3/2023
/ Affirmative Defenses ,
AFR ,
Charitable Deductions ,
Donor-Advised Funds (DAFs) ,
Easements ,
Estate Planning ,
Fraud ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Income Taxes ,
Intra-Family Loans ,
Penalties ,
Trustees ,
Wealth Management
June 2023 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts -
The June Section 7520 rate for use in estate planning techniques such as CRTs, CLTs, QPRTs...more
6/6/2023
/ Audits ,
Estate Planning ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Interest Rates ,
Internal Revenue Code (IRC) ,
Intra-Family Loans ,
IRS ,
S-Corporation ,
Split-Interest Charitable Trusts ,
Wealth Management
May 2023 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts -
The May Section 7520 rate for use in estate planning techniques such as CRTs, CLTs, QPRTs and...more
The April Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 5.0%. The April applicable federal rate (“AFR”) for use with a sale to a defective grantor trust or intra-family loan...more
4/12/2023
/ AFR ,
Estate Tax ,
FBAR ,
Gift Tax ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
GST ,
Internal Revenue Code (IRC) ,
Intra-Family Loans ,
Irrevocable Trusts ,
IRS ,
Life Insurance ,
Living Trust ,
Split-Interest Charitable Trusts ,
Transfer Taxes ,
Trustees ,
U.S. Treasury ,
Wealth Management
March 2023 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts -
The March applicable federal rate (“AFR”) for use with a sale to a defective grantor trust,...more
February 2023 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts -
The February applicable federal rate (“AFR”) for use with a sale to a defective grantor...more
2/6/2023
/ AFR ,
Appeals ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Intra-Family Loans ,
IRS ,
Qualified Charitable Distributions ,
Retirement Plan ,
Roth IRA ,
SECURE Act ,
Settlement Agreements ,
Split-Interest Charitable Trusts ,
Wealth Management
December 2022 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts -
Federal interest rates increased quite significantly for December of 2022...more
October 2022 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts -
The October applicable federal rate ("AFR") for use with a sale to a defective grantor...more
9/29/2022
/ Affirmative Defenses ,
AFR ,
Beneficiaries ,
Estate Tax ,
Florida ,
Generation-Skipping Transfer ,
Gift-Tax Exemption ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Inflation Adjustments ,
Interest Rates ,
Intra-Family Loans ,
Investment ,
Marital Estate ,
Mineral Rights ,
Noncharitable Purpose Trusts ,
Promissory Notes ,
Securities Exchange Act of 1934 ,
Stocks ,
Tax Exemptions ,
Trustees ,
Wealth Management
July 2022 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts AFRs
The July applicable federal rate (“AFR”) for use with a sale to a defective grantor trust,...more
7/6/2022
/ 529 Plans ,
Estate Planning ,
Estate-Tax Exemption ,
Gift-Tax Exemption ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Interest Rates ,
Intra-Family Loans ,
Irrevocable Trusts ,
Self-Canceling Installment Note ,
Split-Interest Charitable Trusts ,
Wealth Management
The June Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 3.6%, an increase from the May rate of 3.0%. The June applicable federal rate (“AFR”) for use with a sale to a...more
April 2022 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts -
The April Section 7520 rate for use with estate planning techniques such as CRTs, CLTs,...more
4/1/2022
/ Estate Planning ,
Grantor Retained Annuity Trusts (GRATs) ,
Intentionally Defective Grantor Trusts ,
Interest Rates ,
Intra-Family Loans ,
IRS ,
Regulatory Agenda ,
Required Minimum Distributions ,
Retirement Plan ,
Split-Interest Charitable Trusts ,
Wealth Management
March 2022 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts....more
October 2021 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts -
Federal interest rates increased slightly for October of 2021. The October applicable...more
10/6/2021
/ AFR ,
Alimony ,
Beneficiaries ,
Community Property ,
Estate Claims ,
Estate Planning ,
Grantor Retained Annuity Trusts (GRATs) ,
Interest Rates ,
Intra-Family Loans ,
Marital Assets ,
Spouses ,
Wealth Management
Act Now Before the Window of Opportunity Closes -
By now you have probably heard that the House Ways and Means Committee introduced legislation a few weeks ago (see Let the Estate Tax Planning Games Begin - But Where Will...more
10/5/2021
/ Biden Administration ,
Estate Planning ,
Estate Tax ,
Grantor Trusts ,
Income Taxes ,
IRS ,
Legislative Agendas ,
Regulatory Agenda ,
Tax Planning ,
Tax Reform ,
Transfer of Assets ,
Transfer Taxes ,
Ways and Means Committee ,
Wealth Management
You have probably heard that the House Ways and Means Committee released proposals for increasing gift and estate taxes in order support legislation being advanced by the Democratic majority in Congress. ...more
9/22/2021
/ Biden Administration ,
Estate Planning ,
Estate Tax ,
Estate-Tax Exemption ,
Generation-Skipping Transfer ,
Gift Tax ,
Gift-Tax Exemption ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Individual Retirement Account (IRA) ,
Legislative Agendas ,
Regulatory Agenda ,
Spousal Lifetime Access Trust (SLAT) ,
Tax Planning ,
Tax Reform ,
Transfer Taxes ,
Ways and Means Committee ,
Wealth Management
Federal interest rates were largely stable in August of 2021.The August applicable federal rate ("AFR") for use with a sale to a defective grantor trust, self-canceling installment note ("SCIN") or intra-family loan with a...more
8/30/2021
/ AFR ,
Charles Schwab ,
Donor-Advised Funds (DAFs) ,
Estate Claims ,
Fair Market Value ,
Fiduciary Duty ,
Income Taxes ,
Intentionally Defective Grantor Trusts ,
Interest Rates ,
IRS ,
Legislative Agendas ,
Michael Jackson ,
State Taxes ,
Tax Cuts ,
Tax Reform ,
Wealth Management
July 2021 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts AFRs -
The July applicable federal rate ("AFR") for use with a sale to a defective grantor...more
7/8/2021
/ Biden Administration ,
Capital Gains Tax ,
Divorce ,
Estate Planning ,
Estate Tax ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Income Taxes ,
Interest Rates ,
Intra-Family Loans ,
Wealth Management
June 2021 Interest Rates for Sales to Defective Grantor Trusts, Intra-Family Loans, Split-Interest Charitable Trusts and GRATs -
The June applicable federal rate ("AFR") for use with a sale to a defective grantor trust,...more
February 2020 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts -
The February Section 7520 rate for use with estate planning techniques such as CRTs,...more