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ARTICLE · 01 SEPTEMBER 2016

Wealth Management Update - September 2016

Proskauer Rose LLP
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Clients also should continue to consider refinancing existing intra-family loans.

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

The September § 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 1.4%, which is the same as the August rate. The 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  duration of 3-9 years (the midterm rate, compounded annually) is 1.22%, which is slightly higher than the August rate of 1.18% and lower than July's rate of 1.43%.

The relatively low § 7520 rate and AFRs continue to present potentially rewarding opportunities to fund GRATs, CLATs, sales to defective grantor trusts, private annuities, SCINs and intra-family loans in August with depressed assets that are expected to perform better in the coming years.

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