The stock market entered bear market territory earlier this year. The combination of higher interest rates and inflation, coupled with the covid pandemic, has caused the 20% market decline that qualifies the “bear market” conditions.
Mental illness in the United States is more prevalent than many people realize. This type of illness is underfunded in the healthcare sector, infrequently addressed in legislation, and rarely discussed openly. It's no surprise that mental illness is seldom mentioned in estate planning.
Estate planning is not a one-size-fits-all type of process. The path taken depends on the amount of assets in the estate, the goals for the estate and the complexity of relationships within the family.