Lower Interest Rates Can Mean Additional Estate and Gift Tax Savings (PDF-249kb)
Lower Interest Rates Can Mean Additional Estate and Gift Tax Savings Authors: Kim T. Schoknecht, Richard Franklin, Linda Kotis
Our Client Alert from November 18, 2008—Recessionary Pressures and Market Volatility—described how lower asset values, coupled with increased volatility in the stock market, are reducing the gift tax cost of transferring family business interests to beneficiaries. Two techniques in particular—the Grantor Retained Annuity Trust (“GRAT”) and a Sale to Grantor Trust—pass assets to beneficiaries at little or no gift tax costs. The new development in the mix is historically low interest rates.To read this publication in its entirety, click the link in the adjacent "Downloads" section.