United States: Wealth & Asset Management

For centuries, wealth was measured in tangible terms: land, gold, art, stock portfolios and bank accounts, to name a few. These assets were static, tied to geography and institutions. Today, wealth is increasingly digital – represented by tokens, NFTs and programmable money that exists outside of traditional borders.

The October 2025 Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 4.60%, down from 4.80% in September.

As we head into the fourth quarter of what has already been a busy year in the secondaries market, we wanted to revisit a topic from the summer that may impact sales activity: the endowment tax regime.