Yes. Believe it or not the current economic down turn presents some serious estate and asset protection planning advantages. Now I never encourage clients to give away or to give up control over assets that they might need. But, once your core assets reach a point where you feel secure in maintaining your lifestyle, the excess may be available for outright gifts, gifts in trust, gifts to UTMA accounts, or to fund 529 plans.
And many stocks values are quite depressed now. So, they can be transferred with little or no tax consequences. Then, when the rebound, the growth will benefit your heirs and will not be taxed in your estate. Likewise, real estate such as shore or vacation home can be transferred at historically low values and trusts such as QPRT’s and GRATS will use historically low interest rates.
Appointments and telephone conferences can be set by contacting Donna, Tara, Denise or Whitney at 610-933-8069.
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