Morris Law Group Introduces Wealth Preservation And Estate Planning Series Of Videos On Its Website And YouTube
By: Morris Law Group Newsroom - May 04, 2020
Morris Law Group Founding Partner Stuart R. Morris, Esq., CPA, B.C.S. has created a new video series featuring helpful, actionable videos to help clients and consumers protect their assets, reduce taxes and create family harmony.
The IRS has recently published the new Applicable Federal Rate (AFR) for May 2020, and it is near an all-time low again (the minimum interest rate on loans up to three years is at an astounding .25%; the rate for three to nine years is .58%; and longer term loans are at a minimum rate of 1.15%). There has never been a better time to take advantage of interest rate-sensitive planning. Please see our March newsletter for an in-depth discussion of several planning considerations, including Intra-Family Loans, Charitable Lead Annuity Trusts (CLATs), Grantor Retained Annuity Trusts (GRATs) and Sale to Grantor Trusts, to take advantage of the reduced interest rates. For more information, contact us or call (561) 750-3850 and make an appointment to speak to an attorney about your estate planning.