Low-Interest Loans May Generate More Peace Of Mind

By: Randall A. Denha, J.D., LL.M.* In the current economic environment, IRS-prescribed monthly interest rates for certain intra-family transactions are at historic lows. As a result, an excellent opportunity exists to transfer wealth to lower generation family members while minimizing taxes. A simple technique which is particularly effective in the current low-interest-rate environment is to…