Estate Planning That Benefits From Low Interest Rates
September 30, 2019
Bottom Line, Inc.
Every month, the Internal Revenue Service issues its “Applicable Federal Rates” for the following month. These rates are a key component in many estate-planning strategies. As a general rule, lower rates provide for significant opportunities to shift wealth to junior generations. The Applicable Federal Rates have been approaching historic lows recently. The rate for a long-term loan (more than nine years to maturity) is a mere 1.86% for October!
What do these low interest rates mean for you? It means that now may be the time to…
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