Mad Dogs and Panameños!
The Family Loan Shark
The August 2023 Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 5%, an increase from the July 2023 rate of 4.6%. The August applicable federal rate (“AFR”) for use with a sale...more
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
The 7520 rate for October 2020 remained at 0.4%. The October 2020 Applicable Federal Interest Rates can be found here. ...more
The 7520 rate for September 2020 remained at 0.4%. The September 2020 Applicable Federal Interest Rates can be found here. ...more
In the current economic environment, IRS-prescribed monthly interest rates for certain intra-family transactions are at historic lows. As a result, an excellent opportunity exists to transfer wealth to lower generation family...more