IRS interest rates will reach another record low in August. Given the low rates, now continues to be an advantageous time to create GRATs or CLATs, make loans to family members and trusts, sell assets in exchange for notes, or make charitable gifts of remainder interests in personal residences or farms. You may also wish to consider refinancing existing intra-family / inter-trust debt at these lower rates.
Please click here to read the full client alert: Lower Interest Rates, Using Remaining Exemptions, and Foreign Citizenship.
