Moving Past the COVID Chaos: Tips for Your Insurance, Finances, and Business - August 30, 2020

August 30, 2020
Share |

News. Insights. Analysis. Inspiration.


Today's Key Question:

Are you aware of all the ways estate taxes can erode your estate - and how life insurance can prevent this?

See the article below from Prudential.


"UBS Doubts There Will Ever Be Coronavirus Lockdowns Again"

From Wealth Advisor:

* The consensus from what I have been reading in investor reports, in personal emails from investment pros from Hong Kong, London and New York, and in off-record phone conversations is that there will never be another lockdown like we had before. The coronavirus would have to go totally ham. Like it was February in Wuhan, March in New York City, before that is ever put on the table again. 


"Strategies for Acquisitions of Distressed Companies Out-of-Court and in Bankruptcy"

From National law Review:

* Six months after the onset of the coronavirus pandemic, many merger and acquisition transactions remain delayed or sidelined. As companies report their Q2 financial results, investors are also focused on opportunities to acquire promising businesses that may face near-term financial and operational challenges, at lower valuations than were available prior to the pandemic. While these deals may appear to be hard to come by, shrewd investors will be well served by considering both out-of-court and bankruptcy acquisitions of distressed companies. This client alert describes some of the fundamental deal considerations, and highlights the pros and cons, associated with each of these strategies. 


"Wealth Taxes Make Us Poorer"

A new study finds that taxes on wealth reduce long-run GDP by 2.7 percent.

From Reason:

* A wealth tax has many problems. While it makes for great "soak the rich" soundbites, in reality, it's ineffective at reducing inequality. What wealth taxes do best is to disrupt the accumulation of capital. Since most wealth is invested and provides capital for innovators and producers to draw upon—and for workers to work with—all Americans would suffer from a wealth tax.


"How Taxes Affect Your Assets at Death"

From Prudential:

* Although you might not be concerned about being affected under current laws, if history has taught us anything, it’s that the tax rules will most likely change in the future. For example, the federal estate tax laws alone have averaged one change almost every decade for over 200 years.

For this reason, it’s imperative to have a plan in place to protect the wealth you’ve built. This guide will help you understand the taxes that have the potential to erode the value of your estate. 


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