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ARTICLE · 08 JUNE 2021

Wealth Management Update

Proskauer Rose LLP
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June 2021 Interest Rates for Sales to Defective Grantor Trusts, Intra-Family Loans, Split-Interest Charitable Trusts and GRATs...

United StatesWealth Management
Albert Gortz
Albert Gortz
David Pratt
David Pratt
Lindsay Rehns
Lindsay Rehns
Andrew Katzenstein
Andrew Katzenstein
Nathaniel Birdsall
Nathaniel Birdsall
Mitchell Gaswirth
Mitchell Gaswirth
Stephanie Heilborn
Stephanie Heilborn
Henry Leibowitz
Henry Leibowitz
Vanessa Maczko
Vanessa Maczko
+2 more
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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, self-canceling installment note ("SCIN") or intra-family loan with a note having a duration of 3 to 9 years (the mid-term rate, compounded annually) is 1.02%, down from 1.07% in May.

The June Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 1.2%, unchanged since May. The still low Section 7520 rate continues to present potentially rewarding opportunities to fund GRATs in June with depressed assets that are expected to perform better in the coming years ? but note that rates appear to be on the upswing from the mid-pandemic low of 0.4%.

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