Rising Interest Rates And Estate Planning

179445506Now that the Federal Reserve has taken the first step in raising interest rates, wealthy families may want to consider how this changing environment may affect their estate plans.

A story in the Wall Street Journal says people may want to take advantage of some wealth-transfer approaches before rates climb even more, while thinking about other possibilities if rates continue to rise.

The article suggests two strategies to use when rates are low and two that should be looked at if rates continue to rise.

The strategies for when rates are low include intrafamily loans and grantor retained annuity trusts.

Those to consider when rates rise include qualified personal residence trusts and charitable remainder annuity trusts.

Speak to your estate planning attorney about which of these may be suitable for you

If you have questions about estate planning, feel free to contact us for a consultation at (626) 696-3145.

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