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As most estate planners know, intrafamily loans, including loans to intentionally defective grantor trusts (IDGTs), offer a straightforward and efficient way to transfer wealth within a family. There are several benefits to such loans, not least that they can be extended at what are effectively below-market interest rates. Intrafamily loans are also versatile in terms of structure.
Brad Dillon is director of fiduciary tax and trusts at Brown Brothers Harriman in New York City and an adjunct professor of law at Fordham University School of Law in New York City.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.