GRAT 'n' Gift

A wealth planning professional would have had to be living on Mars not to know that Internal Revenue Code Section 7520 rates dipped to historic lows in the summer of 20032 and stayed low through 2004. How low did the rates go? The average Section 7520 rate in 2003 3.8 percent is exactly one-half the average of rates since May 1989,3 when the Section 7520 rate first became the applicable discount rate

A wealth planning professional would have had to be living on Mars not to know that Internal Revenue Code Section 7520 rates dipped to historic lows in the summer of 20032 and stayed low through 2004. How low did the rates go? The average Section 7520 rate in 2003 — 3.8 percent — is exactly one-half the average of rates since May 1989,3 when the Section 7520 rate first became the applicable discount rate for determining the present value of an annuity, an interest for li

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