The estate planning community has benefited from low interest rates, initially coupled with low asset values, for nearly a decade. During this period, many families took advantage of tax incentives to transfer both wealth and ultimate control of those assets to younger generations, while ensuring that the older generation still enjoyed sufficient income.
The economic and tax factors that encouraged families and non-family groups to engage in this type of planning still exist, and so do various techniques that accomplish a broad range of tax, financial, and family objectives.
