Second Half of Life Podcast

How Your Business or Family Can Benefit in a Low-Interest Rate Environment

June 25, 2020 Steinbacher, Goodall & Yurchak Season 1 Episode 8
Second Half of Life Podcast
How Your Business or Family Can Benefit in a Low-Interest Rate Environment
Chapters
Second Half of Life Podcast
How Your Business or Family Can Benefit in a Low-Interest Rate Environment
Jun 25, 2020 Season 1 Episode 8
Steinbacher, Goodall & Yurchak

Interest rates were already pretty low at the beginning of 2020, and the COVID-19 pandemic has now pushed interest rates to record lows. How can a small business owner or individual take advantage of these interest rates? One way of doing so is a Grantor Retained Annuity Trust (GRAT). William Post of John G. Ullman & Associates leads a discussion about GRATs featuring Attorneys Julie Steinbacher and Landon Hodges of Steinbacher, Goodall & Yurchak, and Jason Nickerson, CFP® of John G. Ullman & Associates. If you've never heard of a GRAT or even if you have but don't know much about it, this is a perfect episode to listen to and see if one could benefit your family or business. Among the topics discussed are how to utilize and structure a GRAT for unique life events, how to optimize a GRAT after one maxes out their federal estate and gift tax exemptions, how family business owners can benefit from a GRAT as part of their succession plan, and how to strategically set GRAT terms for appreciating assets.

More information:
https://www.paeldercounsel.com/
https://jgua.com/

Show Notes

Interest rates were already pretty low at the beginning of 2020, and the COVID-19 pandemic has now pushed interest rates to record lows. How can a small business owner or individual take advantage of these interest rates? One way of doing so is a Grantor Retained Annuity Trust (GRAT). William Post of John G. Ullman & Associates leads a discussion about GRATs featuring Attorneys Julie Steinbacher and Landon Hodges of Steinbacher, Goodall & Yurchak, and Jason Nickerson, CFP® of John G. Ullman & Associates. If you've never heard of a GRAT or even if you have but don't know much about it, this is a perfect episode to listen to and see if one could benefit your family or business. Among the topics discussed are how to utilize and structure a GRAT for unique life events, how to optimize a GRAT after one maxes out their federal estate and gift tax exemptions, how family business owners can benefit from a GRAT as part of their succession plan, and how to strategically set GRAT terms for appreciating assets.

More information:
https://www.paeldercounsel.com/
https://jgua.com/