The 7520 Rate for December 2013 is holding steady at 2.0%.
The December 2013 Federal interest rates can be found here.
The 7520 Rate for November 2013 is dropping to 2.0%.
The November 2013 Federal interest rates can be found here.
The 7520 rate for October 2013 is increasing to 2.4%.
The October interest rates are as follows:
The 7520 rate for September 2013 is staying steady at 2.0%.
The September interest rates are as follows:
The 7520 rate for August 2013 is set to jump from 1.40% to 2.0%.
The entire Revenue Ruling can be found here.
The 7520 rate for July 2013 is set to increase to 1.40%.
The Federal Interest Rates for July can be found here.
Originally posted on our sister blog, www.bryancavecharitylaw.com
Previously, I blogged about the low interest rate environment and how that results in a great opportunity for a donor with charitable objectives who also wishes to pass assets to the next generation free of federal estate or generation-skipping transfer tax. To read that posting about Charitable Lead Trusts, click here. Well, rates have continued to stay at historic lows. The IRS just announced the rates available for June of 1.2%. These low rates mean that it’s easier then ever for these trusts to be productive to pass even more cash to lower generations free of transfer tax. So, if you think that the trust’s investment strategy could beat the IRS-decreed rate of 1.2%, while also benefiting charity, June is the time.
For an overview regarding the basics of lifetime CLTs, see A Primer on Lifetime Charitable Lead Trusts.
The 7520 rate for June 2013 remains at 1.20%.
The Federal Interest Rates for June can be found here.
The 7520 rate for May 2013 has dropped back to 1.20%.
The Federal Interest Rates for April can be found here.