When markets are volatile, your estate can benefit from a refresh. After all, you may think that when the S&P 500, Nasdaq and Dow Jones Industrial Average are heading south, your heirs will inherit less. But it is in those times that opportunities arise, especially if you are looking to transfer more wealth tax-free.
“Assuming that the markets will recover, we are able to transfer a lot of assets outside the estate at discounted dollars,” says Howard Sharfman, senior managing director at NFP Insurance Solutions. “There are many ways to use a temporary dislocation to benefit.”
