Federal interest rates increased slightly for December of 2021 but remain fairly low historically. The December Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 1.6%, which is...more
12/14/2021
/ AFR ,
Embezzlement ,
Estate Planning ,
Gift Tax ,
Grantor Retained Annuity Trusts (GRATs) ,
Intentionally Defective Grantor Trusts ,
Interest Rates ,
Intra-Family Loans ,
IRS ,
Probate ,
Probate Courts ,
Self-Canceling Installment Note ,
Split-Interest Charitable Trusts ,
Testamentary Capacity ,
Wealth Management
Federal interest rates increased slightly for November of 2021. The November applicable federal rate ("AFR") for use with a sale to a defective grantor trust, self-canceling installment note ("SCIN") or intra-family loan with...more
11/11/2021
/ AFR ,
Charitable Trusts ,
Estate Planning ,
Gift Tax ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Interest Rates ,
Intra-Family Loans ,
Prenuptial Agreements ,
Probate Courts ,
S-Corporation ,
Tax Planning ,
Wealth Management
Act Now Before the Window of Opportunity Closes -
By now you have probably heard that the House Ways and Means Committee introduced legislation a few weeks ago (see Let the Estate Tax Planning Games Begin - But Where Will...more
10/5/2021
/ Biden Administration ,
Estate Planning ,
Estate Tax ,
Grantor Trusts ,
Income Taxes ,
IRS ,
Legislative Agendas ,
Regulatory Agenda ,
Tax Planning ,
Tax Reform ,
Transfer of Assets ,
Transfer Taxes ,
Ways and Means Committee ,
Wealth Management
You have probably heard that the House Ways and Means Committee released proposals for increasing gift and estate taxes in order support legislation being advanced by the Democratic majority in Congress. ...more
9/22/2021
/ Biden Administration ,
Estate Planning ,
Estate Tax ,
Estate-Tax Exemption ,
Generation-Skipping Transfer ,
Gift Tax ,
Gift-Tax Exemption ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Individual Retirement Account (IRA) ,
Legislative Agendas ,
Regulatory Agenda ,
Spousal Lifetime Access Trust (SLAT) ,
Tax Planning ,
Tax Reform ,
Transfer Taxes ,
Ways and Means Committee ,
Wealth Management
Federal interest rates were largely stable in August of 2021.The August 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...more
8/30/2021
/ AFR ,
Charles Schwab ,
Donor-Advised Funds (DAFs) ,
Estate Claims ,
Fair Market Value ,
Fiduciary Duty ,
Income Taxes ,
Intentionally Defective Grantor Trusts ,
Interest Rates ,
IRS ,
Legislative Agendas ,
Michael Jackson ,
State Taxes ,
Tax Cuts ,
Tax Reform ,
Wealth Management
July 2021 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts AFRs -
The July applicable federal rate ("AFR") for use with a sale to a defective grantor...more
7/8/2021
/ Biden Administration ,
Capital Gains Tax ,
Divorce ,
Estate Planning ,
Estate Tax ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Income Taxes ,
Interest Rates ,
Intra-Family Loans ,
Wealth Management
June 2021 Interest Rates for Sales to Defective Grantor Trusts, Intra-Family Loans, Split-Interest Charitable Trusts and GRATs -
The June applicable federal rate ("AFR") for use with a sale to a defective grantor trust,...more
February 2020 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts -
The February Section 7520 rate for use with estate planning techniques such as CRTs,...more
This yearly report provides a summary of some of the significant changes and developments that occurred in the past year in the hedge fund and private equity spaces, as well as certain recommended practices that investment...more
January 2021 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts -
Certain federal interest rates increased slightly for January of 2021 while others...more
1/13/2021
/ Charitable Trusts ,
Constitutional Amendment ,
Estate Planning ,
Estate Tax ,
FBAR ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Interest Rates ,
Intra-Family Loans ,
IRS ,
State Constitutions ,
Wealth Management
December 2020 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts AFRs -
Certain federal interest rates increased slightly for December of 2020, while...more
12/7/2020
/ AFR ,
Estate Planning ,
Estate Tax ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Intra-Family Loans ,
IRS ,
Property Tax ,
SALT ,
Self-Canceling Installment Note ,
Split-Interest Charitable Trusts ,
Tax Cuts and Jobs Act ,
Tax Policy ,
Wealth Management
November 2020 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts AFRs -
Certain federal interest rates increased slightly for November of 2020, while...more
11/2/2020
/ Anti-Abuse Rule ,
Attorney-in-Fact ,
Constructive Trusts ,
Disinherit ,
Durable Power of Attorney ,
Estate Planning ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Inheritance ,
Interest Rates ,
Intra-Family Loans ,
Revocable Trusts ,
Self-Canceling Installment Note ,
Wealth Management
Top Ten Estate Planning Recommendations before the End of 2020 -
If you have not already been inundated with invitations to webinars, articles and newsletters regarding the estate planning you should consider doing before...more
10/7/2020
/ Capital Gains ,
Estate Planning ,
Estate Tax ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Income Taxes ,
Interest Rates ,
IRS ,
SLAT ,
Tax Exemptions ,
Tax Planning ,
Year-End Planning ,
Year-End Tax Planning
Important federal interest rates continue to hold relatively steady. The October Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 0.4%, which is unchanged from a month ago....more
September Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intrafamily Loans and Split Interest Charitable Trusts -
The September Section 7520 rate for use with estate planning techniques such as CRTs, CLTs,...more
9/3/2020
/ AFR ,
Appellate Courts ,
Beneficiaries ,
Charitable Trusts ,
Estate Planning ,
Estate Tax ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Interest Rates ,
Intra-Family Loans ,
Irrevocable Trusts ,
Trust Distributions ,
Trustees ,
Uniform Trust Code ,
Wealth Management
Effective July 1, 2020, there is a new law in Florida (Section 731.1065 of the Florida Probate Code) that treats "precious metals in any tangible form, such as bullion or coins, kept and acquired for their historical,...more
July 2020 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intrafamily Loans and Split-Interest Charitable Trusts -
The July Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs...more
7/2/2020
/ Charitable Trusts ,
Coronavirus/COVID-19 ,
Estate Planning ,
Estate Tax ,
Executive Orders ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Interest Rates ,
Intra-Family Loans ,
IRS ,
Personal Property ,
Probate Code ,
Tax Court ,
Wealth Management
On April 23, 2020, the IRS issued FAQs regarding "COVID-19 Relief for Estate and Gift" in response to issues raised by the extension of time granted to taxpayers to fulfill their estate, gift and generation-skipping transfer...more
May 2020 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts AFRs -
Important federal interest rates continued to drop significantly for May of 2020. The...more
5/4/2020
/ Estate Tax ,
Generation-Skipping Transfer ,
Grantor Retained Annuity Trusts (GRATs) ,
Intentionally Defective Grantor Trusts ,
Intra-Family Loans ,
Irrevocable Trusts ,
Partnership Agreements ,
Private Letter Rulings ,
Revocable Trusts ,
Self-Canceling Installment Note ,
Wealth Management
Assisting Your Clients in the COVID-19 World -
Dear Advisors:
We at Proskauer wish you health and safety during these tumultuous times. It is our hope that you are handling this new reality with as much normalcy as is...more
Clients and Friends:
We at Proskauer wish you health and safety during these tumultuous times. It is our hope that you are handling this new reality with as much normalcy as is possible.
We are sending you this...more
As a result of the Federal Reserve Bank's recent stimulus and interest rate decreases in response to the coronavirus, intra-family loans can be used to transfer wealth to future generations with no gift tax consequences as...more
3/19/2020
/ Coronavirus/COVID-19 ,
Estate Planning ,
Exclusions ,
Exemptions ,
Federal Reserve ,
Financial Stimulus ,
Gift Tax ,
Gift-Tax Return ,
Interest Rates ,
Internal Revenue Code (IRC) ,
Intra-Family Loans ,
Tax Exemptions ,
Wealth Management
March 2020 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts -
Important federal interest rates continue to hold relatively steady. The March Section 7520...more
3/10/2020
/ AFR ,
Beneficiaries ,
Charitable Deductions ,
Charitable Trusts ,
Diversity Jurisdiction ,
Estate Planning ,
Estate Tax ,
Fiduciary Duty ,
Grantor Retained Annuity Trusts (GRATs) ,
Grantor Trusts ,
Interest Rates ,
Intra-Family Loans ,
IRS ,
Surrogate's Court ,
Tax Court ,
Trust Distributions ,
Wealth Management
Creating a grantor retained annuity trust (commonly referred to as a "GRAT") is a relatively simple way to transfer property to your children at virtually no gift tax cost. The recent decrease in the market poses an...more
February 2020 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts -
The February Section 7520 rate for use with estate planning techniques such as CRTs,...more
2/3/2020
/ AFR ,
Charitable Trusts ,
Estate Planning ,
Grantor Retained Annuity Trusts (GRATs) ,
Inheritance ,
Interest Rates ,
Intra-Family Loans ,
Probate Code ,
Retirement Plan ,
SECURE Act ,
Surviving Spouse ,
Trust Distributions ,
Wealth Management