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ARTICLE · 03 OCTOBER 2016

Wealth Management Update - October 2016

Proskauer Rose LLP
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The October Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 1.6%, up 0.2% from September.

United StatesWealth Management
Albert Gortz
Albert Gortz
George Karibjanian
George Karibjanian
David Pratt
David Pratt
Mitchell Gaswirth
Mitchell Gaswirth
Andrew Katzenstein
Andrew Katzenstein
Henry Leibowitz
Henry Leibowitz
Lisa Stern
Lisa Stern
Philip Susswein
Philip Susswein
Jay Waxenberg
Jay Waxenberg
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October Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts

The October Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 1.6%, up 0.2% from September. The October 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 1.29%, up 0.7% from September.

The relatively low Section 7520 rate and AFR continue to present potentially rewarding opportunities to fund GRATs in October with depressed assets that are expected to perform better in the coming years.

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