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ARTICLE · 07 MARCH 2023

Wealth Management Update

Proskauer Rose LLP
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The March 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...

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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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, 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 3.70%, down from 3.82% in February 2023.

The March 2023 Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 4.40%, down from 4.60% in February 2023.

The AFRs (based on annual compounding) used in connection with intra-family loans are 4.50% for loans with a term of 3 years or less, 3.70% for loans with a term between 3 and 9 years, and 3.74% for loans with a term of longer than 9 years.

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