A SILVER LINING IN THE GRAY CLOUDS OF THE CURRENT ECONOMY

Everyone is aware that the current recession means lower values for substantially all assets. While these lower values create concerns and financial pressures for nearly everyone, they do provide planning opportunities for many. That is, one of the fundamental principles of gift tax and estate tax planning is to deal with assets when they have low values, and the economic times provide many planning opportunities for parents, grandparents and others. There are a number of strategies which if implemented at this time will predictably result in substantial transfer tax savings as assets/portfolios appreciate in the future. Some of my clients, for themselves and for their parents, grandparents and other relatives, have already reviewed and modified their plans to incorporate planning of this nature. This type of planning also complements creditor protection planning which also is an especially timely concern for many clients.

Should you wish to explore these opportunities, please call me at (301) 951-9343.