Market woes can be a boost for estate planning

01/13/2009 | Bloomberg Businessweek

The down market is not all bad news when it comes to financial planning. Estate planning becomes a less-costly undertaking because depressed valuations translate into lower gift taxes, and low interest rates are beneficial for certain wealth-transfer vehicles or intra-family loans. "If the markets are going to recover, then let that recovery be on your kids' balance sheet rather than yours," one wealth adviser notes.

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