Moving Past the COVID Chaos: Tips for Your Insurance, Finances, and Business - August 25, 2020

August 25, 2020
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News. Insights. Analysis. Inspiration.


Today's Key Question:

Do you know what estate planning moves you should make before the upcoming election? 

See the article below from Kiplinger.


"6 Ways to Capitalize on Family Time to Advance Your Business"

From Inc.:

* As remote work continues to gain popularity because of the pandemic, one thing we all have more of is family time. Traditional mindsets might view that as an obstacle to your business given all the distractions at home, but the truth is, like most things in life, your biggest disadvantage can become your biggest advantage if leveraged properly. 

Here are six ways to easily take advantage of the family time to help move your business forward. 


"Office Hours Q & A: Joey Gonzales, CEO, Barry's"

From American Express:

* Office Hours features intimate conversations with small business owners who are finding ways to manage through the current environment. Joey Gonzales shares her his personal experience with navigating Barry’s through disruption and social distancing.


"Less Selling, More Storytelling: 5 Expert Tips on Doing Low-Cost PR for Your New Business"

From Entrepreneur:

* For cash-strapped startups, your PR strategy needs to be highly attuned to current trends and customer behaviors. “Most PR wins come from understanding why you are relevant at that time,” Corbett says. “To make yourself part of the conversation, you need to know what that conversation is. This means reading the news, having an opinion, and keeping up with key trends in your industry and in the lives of your potential customers.” 


"Pre-Election Estate Planning Moves for High-Net-Worth Families"

Why wait? A variety of trusts — from SLATs to BDITs, GRATs and more — can help you be proactive in protecting your wealth.

From Kiplinger:

* As you may recall, prior to the 2016 presidential election, there was a flurry of activity in anticipation of possible changes to the tax code. At the time, presidential hopeful Hillary Clinton was threatening to raise the estate tax to 65% and lower the ceiling for estate-tax exemptions. These campaign proposals drove high traffic to estate planning attorneys, as individuals rushed to protect assets before such laws could be implemented.

Given that precedent, and in order to avoid the stress of last-minute changes to your estate-planning documents, we suggest putting your financial house in order now, while you have time to be deliberate and purposeful in your planning. 

Each family’s situation is unique, with its own complexities and dynamics. That being said, there are strategies and best practices in a planner’s toolkit that can help you capitalize on the advantageous estate planning environment that we currently enjoy.

Here's a short video from Steve on how you can purchase insurance in these changing times....Watch Here