Key Interest Rates Near Their Lows
A number of wealth transfer strategies utilize interest rates published by the IRS. One such rate is the Section 7520 Interest Rate, and in October it will be only 2%. That’s tied for an all-time low. Other interest rates used for such strategies are near their all-time lows. These interest rates mean certain strategies, including Grantor Retained Annuity Trusts, installment sales to grantor trusts and intra-family loans, are particularly attractive. If you’ve been contemplating transferring assets such as business interests or real estate, or helping a family member with a loan, now is a good time to act.
