A closer look Interest Rates Will Impact Your Estate Plan

In Brief

• Some estate planning strategies work well when interest rates are lower; some work well when rates are higher.
• When interest-rate trends change in one direction or another, it can have meaningful estate planning implications. Depending on where you are in the process — in the contemplation stage, in the midst of planning, or having already implemented a plan — the optimal approach might be to reengineer an existing strategy, implement a new strategy as soon as possible, or wait to implement a strategy.
• It’s important to speak with your advisors periodically about any existing estate plans you may have or might be contemplating.