The Importance of Wealth Planning, Part 3: A Perfect Storm for Wealth Transfer Opportunities
“Out of adversity comes opportunity.” This quote, attributed to Benjamin Franklin, holds particular relevance today as we navigate an unprecedented economic shock. High estate tax exemptions, low interest rates and a down market have all come together in a perfect storm that enhances the effectiveness of several tried and true wealth transfer strategies. In part three of our wealth planning blog series, we look at what these factors mean for individuals and families hoping to impart wealth to future generations or philanthropic passions.