As of April 1, 2020 — Wilmington Trust has been monitoring the COVID-19 (coronavirus) outbreak and assessing its impact on investments and the economy. Visit this page for updates as further developments unfold. What COVID-19 health and wealth impacts lie ahead? Listen to the replay of our recent webinar, “COVID-19: Fiscal, Monetary & Medical Shots in the Arm?,” with Chief Investment Officer Tony Roth and special guest, Ashish K.
March 25, 2020—Tony is joined by Wilmington Trust’s Chief Planning Officer Don DiCarlo, who shares his insights on several wealth planning opportunities that can be particularly beneficial during the current market environment. Together, they discuss strategies to utilize the high federal tax exemption before it’s set to expire in 2026, or potentially sooner; gifting depreciating assets to different trust structures; converting a traditional IRA to a Roth IRA; and tax loss harvesting.
Amid chaos, there is a silver lining for planning opportunities. Although we are facing many challenges on the health, economic, and market fronts, we would be remiss not to explore the positive ways that your estate plan can benefit from low interest rates and depressed asset values.There are several wealth and estate planning strategies that are particularly attractive in this kind of climate.