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ARTICLE · 09 DECEMBER 2022

Wealth Management Update

Proskauer Rose LLP
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December 2022 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts

United StatesWealth Management
Albert Gortz
Albert Gortz
David Pratt
David Pratt
Mitchell Gaswirth
Mitchell Gaswirth
Andrew Katzenstein
Andrew Katzenstein
Nathaniel Birdsall
Nathaniel Birdsall
Kimberly Ann Braun
Kimberly Ann Braun
Stephanie Heilborn
Stephanie Heilborn
Henry Leibowitz
Henry Leibowitz
Caroline Robbins
Caroline Robbins
+2 more
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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. The December 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 3-9 years (the mid-term rate, compounded annually) is 4.27%, up from 3.97% in November and up from 1.26% in December of 2021.

The December 2022 Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 5.2%, up from 4.8% in November.

The AFRs (based on annual compounding) used in connection with intra-family loans are 4.55% for loans with a term of 3 years or less, 4.27% for loans with a term between 3 and 9 years, and 4.34% for loans with a term of longer than 9 years.

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