People should do planning now while the opportunity still exists.

 July offers a GRAT opportunity to make some strategic estate planning moves. The IRS just published the applicable federal rates (AFR) for July: Section 7520 Interest Rate: 2.4% Applicable Federal Mid-term, Annual Rate: 2.0% These rates continue to slide, and are set now at historical lows. These low rates make certain estate planning opportunities much more attractive, to include: loans to family members installment sales to grantor trusts grantor retained annuity trusts (GRATs) and charitable lead annuity trusts (CLATs). A recent article in Forbes focuses primarily on the GRAT opportunity for savvy planners. As Forbes writes, GRATs are particularly attractive…

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