Recent Economic Developments Affecting Your Personal Planning By Kathleen A. Ryan, Esq. Kimberly I. McCarthy, Esq. Megan C.N. Andrews, Esq.


Excellent Estate Planning Opportunities in the Current Market:

Due to exceptionally low interest rates, it is a great time to remove certain assets expected to appreciate in the future (such as marketable securities and closely held business interests) from your estate through the use of a grantor retained annuity trust.This technique allows a person to transfer anticipated growth but retain the right to a return of the principal. If the actual interest received over time exceeds the applicable interest rate in place at the time the grantor retained annuity trust was created, then the excess growth can be passed gift tax and federal estate tax free to the beneficiaries.Thus, the lower the applicable interest rate at creation, the larger the potential gift to the trust beneficiaries on termination of the trust.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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