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ARTICLE · 16 NOVEMBER 2011

Wealth Management Update - November 2011

Proskauer Rose LLP
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The November applicable federal rate ("AFR") for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 1.4%.

United StatesTax
Proskauer'S Personal Planning Practice Group
Proskauer'S Personal Planning Practice Group
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November Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts

The November applicable federal rate ("AFR") for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 1.4%. There was no change from the October rate. The rate for use with a sale to a defective grantor trust, self-cancelling installment note ("SCIN") or intra-family loan with a note of 9-year duration (the mid-term rate, compounded annually) increased slightly to 1.20% (as compared to the October rate of 1.19%). Remember that lower rates work best with GRATs, CLATs, sales to defective grantor trusts, private annuities, SCINs and intra-family loans. The combination of a low AFR and a decline in the financial and real estate markets presents a potentially rewarding opportunity to fund GRATs in November with depressed assets you expect to perform better in the coming years.

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