Annoying things that Dads say to their kids: “make the best of a bad situation.”
Did your Dad say that to you? Mine did. And for many years, my usual response was an eyeroll and a groan under my breath. But as many of us discover as we grow up, lots of the things that our Dads tried to teach us were actually pretty smart.
So, here we are in the midst of the greatest pandemic of our time; the greatest pandemic since the Great Influenza of 1918. By the way, I highly recommend John M. Barry’s book: The Great Influenza. I’m sure that many of you have been doing what you can to “make the best of a bad situation” by doing your workouts at home, walking your community more, supporting local mom & pop shops and restaurants with increased business, checking in more regularly with your neighbors, family, friends, the elderly, etc.
Not only has this pandemic been challenging healthcare systems, but the social distancing required to combat the novel corona virus has rocked financial markets. Stock values have plummeted. Interest rates have dropped. Well, there may be opportunities for those wishing to make the best out of this bad situation to do certain types of Estate Planning . Stephen C. Hartnett, J.D., LL.M., the Director of Education for the American Academy of Estate Planning Attorneys (of which my firm is a Member) has written a great article on how to take advantage of the current low-interest rates and low asset values. Read on to see what Mr. Hartnett has to say.