Proskauer Rose LLP: Wealth Management Update – March 2022 (March 4, 2022)

Proskauer Rose LLP has made available for download their article, “Wealth Management Update – March 2022,” published in JDSUPRA. The abstract is as follows:

March 2022 Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split-Interest Charitable Trusts

The March Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 2.0%, a significant increase from the February rate of 1.6%.

The March applicable federal rates (“AFR”) for use with a sale to a defective grantor trust or intra-family loan with a note having a duration of:

3 years or less (the short-term rate, compounded annually) is 0.97%, up from 0.59% in February;

3 to 9 years (the mid-term rate, compounded annually) is 1.74%, up from 1.4% in February; and

9 years or more (the long-term rate, compounded annually) is 2.14%, up from 1.92% in February.

Click here to view Proskauer Rose LLP’s summary of “Wealth Management Update – March 2022”

Posted by Anthony Tran, Associate Editor, Wealth Strategies Journal

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