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Nov 27, 2024 | 
jdsupra.com | Nathaniel Birdsall |Mitchell M Gaswirth |Joshua B. Glaser
December 2024 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable TrustsThe December Section 7520 rate for use in estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 5.00%, an increase from the November rate of 4.40%.
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Nov 11, 2024 | 
jdsupra.com | Nathaniel Birdsall |Mitchell M Gaswirth |Albert W Gortz
November 2024 AFRs and 7520 RateThe November 2024 Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 4.40%, which was the same as the October 2024 rate.
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Nov 11, 2024 | 
mondaq.com | Nathaniel Birdsall |Mitchell M Gaswirth |Albert W Gortz |Stephanie Heilborn
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The world’s leading organizations and global players choose Proskauer to represent them when they need it the most. Our top tier team of star trial attorneys, acclaimed transactional lawyers and exceptionally talented partners and associates have earned a reputation for the relentless pursuit of perfection and a dauntless pursuit of success.
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Nov 8, 2024 | 
jdsupra.com | Nathaniel Birdsall |Mitchell M Gaswirth |Albert W Gortz
The Corporate Transparency Act (CTA), passed into law on January 1, 2021 in an effort to crack down on money laundering and other financial crimes, requires certain entities to report their beneficial owners to the federal government’s Financial Crimes Enforcement Network (FinCEN). Under the CTA’s requirements, an entity classified as a “Reporting Company”, such as an LLC, corporation, or similar entity, must report such beneficial ownership information to FinCEN, subject to several exceptions.
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Nov 7, 2024 | 
natlawreview.com | Nathaniel Birdsall
Skip to main content November 07, 2024 Volume XIV, Number 312 Legal Analysis. Expertly Written. Quickly Found.
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Oct 24, 2024 | 
lexology.com | Albert W Gortz |David Pratt |Mitchell M Gaswirth |Andrew Katzenstein |Nathaniel Birdsall |Stephanie Heilborn | +6 more
Estate, Gift and GST Tax UpdateWhat This Means for Your Current Will, Revocable Trust and Estate PlanThe estate and gift tax regimes have been permanent and unified since the passage of The American Taxpayer Relief Act of 2012 (the "2012 Act"). In 2017, the Tax Cuts and Jobs Act (the "2017 Act") significantly increased the estate, gift and generation-skipping transfer ("GST") tax exemptions, which is scheduled to continue to be increased for inflation through December 31, 2025 as set forth below.
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Sep 13, 2024 | 
jdsupra.com | Nathaniel Birdsall |Mitchell M Gaswirth |Albert W Gortz
September 2024 AFRs and 7520 RateThe September 2024 Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 4.8%, a decrease from the August 2024 rate of 5.2%.
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Jun 12, 2024 | 
jdsupra.com | Nathaniel Birdsall |Mitchell M Gaswirth |Albert W Gortz
June 2024 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable TrustsThe June Section 7520 rate for use in estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 5.60%, an increase from the May rate of 5.40%.
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Jan 3, 2024 | 
jdsupra.com | Nathaniel Birdsall |Mitchell M Gaswirth |Joshua B. Glaser
January 2024 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable TrustsThe January applicable federal rate (“AFR”) for use with a sale to a defective grantor trust, self-canceling installment note (“SCIN”) or intra-family loan with a note having a duration of 3-9 years (the mid-term rate, compounded annually) is 4.37%, down from 4.82% in December 2023.
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Nov 14, 2023 | 
jdsupra.com | Nathaniel Birdsall |Mitchell M Gaswirth |Albert W Gortz
November Interest Rates for GRATS, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable TrustsThe November Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 5.6%, which is up from 5.4% in October.
