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Showing posts with the label Liquidity

Weathering the Storm: Estate Planning in a Recession (and Beyond)

The U.S. faces economic uncertainty with recession concerns due to inflation, fluctuating confidence, and trade issues. Some fear a depression, a severe, prolonged downturn with drastic GDP decline and high unemployment, unlike a typical recession. Global conflicts disrupt supply chains, increase defense spending, and drive up energy prices, worsening the situation. Average Americans and the middle class are feeling the strain of rising costs, higher interest rates, and potential job losses, reducing their purchasing power and increasing financial insecurity. A depression would significantly worsen these hardships, leading to widespread poverty and social instability. The Heightened Importance of Estate Planning During Economic Downturns: Asset Protection: Market volatility can significantly erode portfolio value. A robust estate plan can mitigate losses and facilitate the efficient transfer of assets. Family Security: Financial hardship increases family vulnerability. A well-structu...

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