Wealth Management Update

April 2025 AFRs and 7520 Rate

The April 2025 Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 5.00%, which is 0.40% less than the March 2025 rate. The April 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 4.16%, down from 4.31% in March;
• 3 to 9 years (the mid-term rate, compounded annually) is 4.21%, down from 4.46% in March; and
• 9 years or more (the long-term rate, compounded annually) is 4.61%, down from 4.82% in March.

J.M. v. G.V., 225 N.Y.S.3d 859 (N.Y. Sup. Ct. 2025): Maintenance Calculations May Need To Be Included in New York Prenuptial Agreements