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ARTICLE · 16 MAY 2023

Wealth Management Update

Proskauer Rose LLP
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The May Section 7520 rate for use in estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 4.4%, a sharp drop from the April rate of 5.0%.

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
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May 2023 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts

The May Section 7520 rate for use in estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 4.4%, a sharp drop from the April rate of 5.0%. The May applicable federal rate ("AFR") for use with a sale to a defective grantor trust or infra-family loan with a note having a duration of:

  • 3 years or less (the short-term rate, compounded annually) is 4.30%, down from 4.86% in April.
  • 3 years to 9 years (the mid-term rate, compounded annually) is 3.57%, down from 4.15% in April.
  • 9 years or more (the long-term rate, compounded annually) is 3.72%, down from 4.02% in April.

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