Low-interest rates can be beneficial or harmful, depending on whether you are paying them or receiving them. For transfer tax planning, lower rates benefit some techniques and challenge others. This is true for gift, estate, and generation-skipping tax transfer planning, and, as demonstrated, also true for charitable giving.
Author: Mark R. Parthemer, Esq., AEP, is managing director and senior fiduciary counsel, southeast region, overseeing estate and legacy planning services at Bessemer Trust, an exclusive wealth management firm. He is an ACTEC Fellow; a frequent national lecturer and published author; chair, ABA Non-Tax Issues Affecting Estates and Trusts Committee; member, Florida and Pennsylvania Bars, Synergy Summit, and the Florida Bankers Association Executive Council, and chair, Trust Legislation Committee. He has been part of the University of Miami’s Heckerling faculty and is a former adjunct professor, Widener University School of Law. Mark often has been recognized as one of the Best Lawyers in America and a Florida Legal Eagle.
Author: Sasha A. Klein, Esq., LLM, is a partner and chair of the estate and tax planning group at WardDamon, PL, West Palm Beach, FL.
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