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Is the Golden Age for CLTs Coming to a Close?  


Author:  Staff Editors.


Source: Volume 07, Number 05, July/August 2008 , pp.8-8(1)




Family Foundation Advisor

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Abstract: 

Since 1989, actuarial rates used in valuing transfers to charitable trusts have been based on applicable federal rates or “AFRs” issued monthly by the IRS. Those rates have hovered near historic lows in recent months, dipping as low as 3.2% for May 2008. In fact, AFRs have been lower only once since the rate-of-the-month system took effect (back in July 2003 when the rate dropped to 3.0%). Well, the AFR now seems to be on its way up.

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