The article “Low-Interest Estate Planning Strategies” described several estate planning strategies that should be considered now that interest rates have reached record lows. One of the strategies that is described in the article is an interest-only term note.

A new calculator has been added to Webcalculators to illustrate the benefits of that kind of loan, which can be used to a exclude significant portion of the value of the note from the lender’s gross estate. Here is a sample of the output from the calculator, and the overview of the calculator is below: