December Section 7520 Rate Reduced to Historic Low

PR Newswire published an article reporting that with the release of Revenue Ruling 2010-29, the IRS has reduced the interest rate used to value certain split-interest trusts created in December 2010 to 1.8%, an all time low.  As a result, individuals wishing to transfer income producing assets to younger generations or to charitable organizations, have a historic opportunity to do so with little gift tax consequences.