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
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
As a result of the Federal Reserve Bank's recent stimulus and interest rate decreases in response to the coronavirus, intra-family loans can be used to transfer wealth to future generations with no gift tax consequences as...more
3/19/2020
/ Coronavirus/COVID-19 ,
Estate Planning ,
Exclusions ,
Exemptions ,
Federal Reserve ,
Financial Stimulus ,
Gift Tax ,
Gift-Tax Return ,
Interest Rates ,
Internal Revenue Code (IRC) ,
Intra-Family Loans ,
Tax Exemptions ,
Wealth Management
December 2019 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts -
The December Section 7520 rate for use with estate planning techniques such as CRTs,...more
12/3/2019
/ Child Support ,
Estate Planning ,
Generation-Skipping Transfer ,
Gift Tax ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Interest Rates ,
Internal Revenue Code (IRC) ,
Intra-Family Loans ,
IRS ,
Life Insurance ,
SD Supreme Court ,
Tax Court ,
Wealth Management
November 2019 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,...more
11/4/2019
/ Divorce ,
Estate Planning ,
Fair Market Value ,
Grantor Retained Annuity Trusts (GRATs) ,
Individual Retirement Account (IRA) ,
Internal Revenue Code (IRC) ,
Intra-Family Loans ,
Marital Assets ,
Mergers ,
Prenuptial Agreements ,
Publicly-Traded Companies ,
Tax Court ,
Wealth Management
Supreme Court Ruling in North Carolina Department of Revenue v. Kimberley Rice Kaestner 1992 Family Trust, 588 U.S. [TBD] and its Relevance to Income Taxation of Accumulated Income in California Trusts -
The Supreme Court...more
7/5/2019
/ Beneficiaries ,
Domestic Asset Protection Trust (DAPT) ,
Due Process ,
Estate Tax ,
Exclusive Control ,
Forum State ,
In-State Beneficiaries ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Life Insurance ,
Minimum Contacts ,
North Carolina Department of Revenue v The Kimberley Rice Kaestner 1992 Family Trust ,
SCOTUS ,
State Taxes ,
Trust Distributions ,
Trustees ,
Trusts ,
Uniform Trust Code
Introduction.
On October 19,2018,the Internal Revenue Service (the“IRS”) and the U.S. Department of the Treasury (the “Treasury”) issued proposed regulations (the “proposed regulations”) under section 1400Z-2 of the...more
With over a century of combined experience, the lawyers of Proskauer's Private Client Services Department regularly provide their diverse clientele – from business entrepreneurs and corporate executives to sports figures and...more
9/10/2018
/ 501(c)(3) ,
Charitable Donations ,
Estate Planning ,
Estate Tax ,
Generation-Skipping Transfer ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Investment Adviser ,
IRS ,
Private Foundations ,
Self-Dealing ,
Strategic Planning ,
Succession Planning ,
Tax Planning ,
Trump Administration
July Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-family Loans and Split Interest Charitable Trusts (Rev. Rul. 2018-16) -
The July § 7520 rate for use with estate planning techniques such as CRTs,...more
7/6/2018
/ Alimony ,
Estate Planning ,
Income Taxes ,
Individual Retirement Account (IRA) ,
Intentionally Defective Grantor Trusts ,
Internal Revenue Code (IRC) ,
Intra-Family Loans ,
Marriage ,
Self-Canceling Installment Note ,
Surviving Spouse ,
Taxable Distributions ,
Trust Protector Actions ,
Trustees
On August 2, 2016, the Treasury Department and the Internal Revenue Service (the "IRS") issued proposed regulations under section 2704 (the "Proposed Regulations") of the Internal Revenue Code of 1986, as amended (the...more
8/11/2016
/ Discounts ,
Dynasty Trust ,
Estate Planning ,
Family Limited Liability Companies ,
Family Trusts ,
Internal Revenue Code (IRC) ,
IRS ,
Proposed Regulation ,
S-Corporation ,
Transfer Restrictions ,
Transfer Taxes ,
U.S. Treasury ,
Valuation
Low Interest Rates Yield Wealth Transfer Opportunities -
Low interest rates can create wealth transfer opportunities. For various wealth transfer techniques, the IRS assumes that a certain minimum interest rate is in...more
March Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts -
The March § 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and...more
3/24/2016
/ Appraisal ,
Charitable Deductions ,
Collateral Estoppel ,
Conservation Easements ,
Gifts ,
Grantor Retained Annuity Trusts (GRATs) ,
Income Taxes ,
Interest Rates ,
Internal Revenue Code (IRC) ,
Intra-Family Loans ,
IRS ,
Split-Interest Charitable Trusts ,
Tax Court ,
Tax Returns
October Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts -
The October § 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs...more
10/6/2015
/ Charitable Deductions ,
Charitable Remainder Trust ,
Estate Tax ,
Executors ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Income Taxes ,
Interest Rates ,
Internal Revenue Code (IRC) ,
Intra-Family Loans ,
Irrevocable Trusts ,
IRS ,
Nongrantor Trusts ,
Refinancing ,
Split-Interest Charitable Trusts ,
Surface Transportation and Veterans Health Care Choice Improvement Act ,
Tax Court ,
Tax Planning ,
Testamentary Trust
September Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts -
The September § 7520 rate for use with estate planning techniques such as CRTs, CLTs,...more
9/16/2015
/ Captive Insurance Company ,
Disclosure Requirements ,
Disregarded Entities ,
Estate Tax ,
Executors ,
Filing Deadlines ,
Grantor Trusts ,
Income Taxes ,
Intentionally Defective Grantor Trusts ,
Internal Revenue Code (IRC) ,
Intra-Family Loans ,
IRS ,
Limited Liability Company (LLC) ,
New Legislation ,
New Regulations ,
Real Estate Transfers ,
Reinsurance ,
Reporting Requirements ,
Self-Canceling Installment Note ,
Surface Transportation and Veterans Health Care Choice Improvement Act