Preservation | Family Wealth Protection & Planning

This is the eighth installment in a blog series on opportunities for tax planning in the current low-interest rate environment. Read our previous installments here.

A Spousal Lifetime Access Trust (SLAT) is a type of trust that provides an opportunity for the grantor of the trust to utilize his or her remaining estate and gift tax exemption while also allowing the grantor’s spouse to benefit from the assets transferred.

The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for October 2020. AFRs are published monthly and represent the minimum interest rates that should be charged for family loans to avoid tax complications.

This is the seventh installment in a blog series on opportunities for tax planning in the current low-interest rate environment. Read our previous installments here.

This is the sixth installment in a blog series on opportunities for tax planning in the current low-interest rate environment. Read our previous installments here. The next post will conclude the series with a discussion of charitable giving.

The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for September 2020. AFRs are published monthly and represent the minimum interest rates that should be charged for family loans to avoid tax complications.

This is the fifth installment in a blog series on opportunities for tax planning in the current low-interest rate environment. Read our previous installments here. Future installments will cover installment sales to defective grantor trusts and charitable giving.

This is the fourth installment in a blog series on opportunities for tax planning in the current low-interest rate environment. Read our previous installments here. Future installments will cover family limited partnerships and limited liability companies, installment sales to defective grantor trusts, and charitable giving.

This is the third installment in a seven-part blog series on opportunities for tax planning in the current low-interest rate environment. Read our previous installments here. Future installments will cover creating Grantor Retained Annuity Trusts, family limited partnerships and limited liability companies, installment sales to defective grantor trusts, and charitable giving.

The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for March 2020. 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 March 2020: 

How many times have you prepared your income tax returns for the previous year, only wishing you knew then what you know now, so you could go back and make more advantageous tax decisions? In most cases, you are stuck with the decisions you made before the new tax year began, even though you may not have all the relevant tax information available to assist with those decisions until several months into the new tax year. Too bad for you, says the IRS, unless you are an estate or trust.