Wealth Management

Aug 09, 2024

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Securing Legacies During Market Turbulence

As financial advisors, we’re no strangers to the roller coaster of market volatility. This week’s sell-off is a stark reminder of how quickly market conditions can change and the need for proactive planning.

Amidst this turbulence, estate planning is one area where advisors can truly add value. This often-overlooked aspect of financial planning becomes crucial when markets are volatile, offering unique opportunities to secure your clients’ legacies and provide them peace of mind.

FOMO is real, and missing out can also be expensive. During periods of extreme market volatility, advisors should consider certain estate planning opportunities that are (almost) too good to be true for their clients.

This includes grantor-retained annuity trusts (GRATs). It can be overwhelming for advisors to know where to begin when it comes to estate planning.

Let me explain how this simple strategy can work for your clients and how leveraging technology can help you make lemonade out of lemons.

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[Steve Lockshin for WealthManagement.com]