Loans to family members could save millions on taxes

By: Bloomberg News December 28, 2009

Estate planner Richard Behrendt helped his client make $5 million loans to each of his children this year, avoiding gift taxes of 45 percent and saving the kids as much as $837,000 apiece in interest. Rates for so-called intra-family loans have declined as much as 53 percent since 2008. "The timing of it was clearly tied ...

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Loans to family members could save millions on taxes

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