Subscribe
Blog Editors
- Editor
- Editor
- Editor
- Editor
- Editor
- Editor
- Editor
- Editor
- Editor
- Editor
- Editor
- Editor
Topics
Archives
Many people who create irrevocable trusts are uncomfortable giving up control of their assets to a trustee, especially a corporate trustee. Even if the trustee is a trusted individual, it is increasingly likely that the trust could last for many years. As a result, the trustee may experience changes in the law that could negatively impact carrying out the settlor’s intent. The following Q&A addresses ways to mitigate concern with a long-lasting irrevocable trust by using a trust protector.
The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for August 2018. AFRs are published monthly and represent the minimum interest rates that should be charged for family loans to avoid tax complications.
Here are the rates for August 2018: