Monday, March 3, 2014
Stephen R. Akers (Dallas, Texas) and Philip J. Hayes (San Francisco, California) recently published an article entitled, Estate Planning Issues With Intra-Family Loans and Notes, ACTEC, Vol. 38, No. 2 and 3 (Fall 2012/Winter 2012). Provided below the abstract of article:
Intra-family loans are quite prevalent, and can present significant estate planning opportunities. Loans among family members may seem simple, but they involve numerous complexities. The article addresses many of the complexities including estate, gift and income tax consequences of loans to both the lenders and borrowers in a wide variety of situations - from simple case loans to sophisticated sale transactions.