With the coronavirus wreaking havoc on the U.S. economy, the federal funds rate has taken a nosedive, dropping from 1.75% in January to 0.25% as of June 10th. With rates projected to hover around 0% for the foreseeable future, now is a great time to leverage low interest rates in your estate planning strategies and help clients to maximize their wealth for themselves and their families even in times that are economically challenging. Below are three wealth transfer strategies to consider.
From modifications to the Paycheck Protection Program to temporary IRS procedures allowing the electronic submission of requests for advice, we have recently seen some significant developments in estate planning and business law. To ensure that you stay abreast of these legal changes, we’ve highlighted a few noteworthy developments and analyzed how they may impact your estate planning and business law practice.
After more than two months of being in lockdown due to the coronavirus, states across the country are slowly starting to reopen (see NYT's interactive map). With restrictions lifting, many businesses are itching to return to physical workspaces. But with federal, state, and local safety guidelines to contend with, resuming “business as usual” is just not possible (at least for the foreseeable future).