Wealth Management Update

November 2024 AFRs and 7520 Rate

The November 2024 Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 4.40%, which was the same as the October 2024 rate. The November applicable federal rate ("AFR") for use with a sale to a defective grantor trust or intra-family loan with a note having a duration of:

• 3 years or less (the short-term rate, compounded annually) is 4.00%, down from 4.21% in October;
• 3 to 9 years (the mid-term rate, compounded annually) is 3.70%, which remained the same as the October rate; and
• 9 years or more (the long-term rate, compounded annually) is 4.15%, up from 4.10% in October.

Inflation Adjustments for 2025 & Planning Considerations