Are the dark years here?
The last post talked about how the economy seemed to be improving … well, feels like it is in any event. I’m wondering … am I pulling the wool over my eyes? In this little corner of the world we’re a little more protected against what’s happening in countries such as the US and Europe - do you think that’s enough to see us through relatively unscathed?
A newsletter entitled ”The Dark Years are here” came across my desk recently from the Ludwig von Mises Institute- click here to read it (but beware, it’s a bit of an epistle).
People we’ve sent it to have already made comments such as:
“… 98% agreement with the article. ”
“ The US stock market is doing exactly, so far, what the market did after the crash in 1929. Watch out!”
” … think we will see 10-15 years of total rot in the system we know. America is in the worse shape. Japan is a fair model for the USA to follow into the shit. Japan is in depression now. England—-help!!!”
“We sold all of our investments in the USA in 2008 before the crash.”
“… the world is in serious trouble … and it is really going to get bad! Food riots in USA and Europe.”
What do you think? We’d be very interested in any of your comments … especially if you take the time to read the newsletter article referred to above.
Do you have any questions? Please don’t hesitate to contact us. We’d be happy to discuss them with you.
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David Martin
Kathy Martin
Nice blogg and article. I think before the ecconomy improves too much is an ideal time for people to get to grips with estate planning issues. While assets are at lower values give you more flexibility to transfer them into trust without incurring quite so much tax.
At least one advantage from decreased property prices and reduced value share portfolios.
Regards
Will
http:/gb-legal.com
Glad you liked the article!
Will, we agree - it is an ideal economic time “for people to get to grips with estate planning”. Actually in our book, anytime is a good time to get to grips with estate planning! (We also prefer the terminology “wealth planning” as it includes the distinct possibility that the people involved could “live long” and not “die young”!!)
People often risk leaving their loved ones as “hostages to fate” or the ever-changing Government … not sure which is worse!
Similarly, anytime is a good time to get assets into your trust. The trick is how to do it effectively and correctly - and to make sure whatever structure you choose will stand the test of time!
Laws differ around the world and we encourage all of our clients to involve all their relevant professional advisors in the design and implementation of their estate/wealth planning. In our opinion, it is vital they communicate with eachother.