Take advantage of low Applicable Federal Rates, plus fund life insurance premiums. Under this approach, a grantor gifts a small portion of assets into a trust and sells a larger portion of S-Corp or LLC shares to the trust at a discount in exchange for a note. The assets in the trust can then be used to pay note interest payments and life insurance premiums. Heirmark does not provide tax or legal advice. Please consult your personal tax or legal advisors before taking any action that may have tax or legal consequences.