AFRs (annual) for June are:

Short Term: .75%
Mid Term: 2.25%
Long Term: 3.88%

The Sec. 7520 Rate is: 2.8%

This is a slight rise from last month's rates.

IRS releases new mortality tables

These new mortality rates are effective for transfers on or after May 1, 2009.

A comparison of this new table (2000CM) with the old table (90CM) shows an increase in expected survival rates at almost all ages.

The new rates can be found on the IRS website, HERE.

May 2009 AFRs

The AFRs (annual) for May are:

Short Term:      .76%
Mid Term:      2.05%
Long Term:    3.58%

The Sec. 7520 Rate is:    2.4%

New website

Welcome to our new website. In the coming weeks, watch this space for information about our upcoming seminars on Estate Planning and Asset Protection. We will also use this blog to keep you informed of important and interesting developments in the law.

Thanks for stopping by. Please CONTACT US if you have any questions or would like to schedule a free consultation.