Market volatility, exceedingly low interest rates, and an increase in the federal gift-tax exemption could benefit wealthy families who hope to shelter assets from taxes.
Individuals involved in estate planning can take advantage of these events through discounts, GRATs, and loans.
For those who have a large amount of stock in privately held companies, the current stock market allows them to give away the stock at a greater discount. A grantor-retained annuity trust, or GRAT, works best when interest rates are low and should be considered if a person has stock in a publicly traded company or a family business. The low interest rates and stock prices of today also make funding an investment by an intrafamily loan a good idea.
If you want to get your estate in order in this volatile market, contact the Houston estate planning lawyers of Garg & Associates, P.C. by calling 281-362-2865 today.