Given the economic downtown , it’s even more important for investors consider a plan to make sure assets are protected.
Congress last week passed legislation to extend the timeline and requirements for loan forgiveness under the PPP program.
Lower asset values combined with historically low interest rates may favor certain wealth transfer strategies such as GRATs.
The Small Business Association announced guidelines for loan forgiveness for the PPP program for small businesses.
Many lawmakers are planning for a fourth phase of pandemic relief funding, which could include aid for states and individuals.
The CARES Act provides emergency assistance to those affected by the pandemic with a range of programs from expanded unemployment benefits to loans.