The shock of COVID to our economy was dampened by the Paycheck Protection Program (PPP). You may have been beneficiary of a PPP loan because you either own a small business or your employer obtained such a loan. PPP loans are being rapidly depleted, if not already exhausted. Is that putting you in a precarious financial situation?
A fundamental part of estate planning is making sure your assets are held in a way that maximizes protection from economic risk. If you are afraid that you might default on existing business or personal loans, before that happens, asset planning through a good estate planning program is highly beneficial.
If you wait too long, and you are already in economic peril because you defaulted on obligations, it may be too late. Contact us today at Pyke and Associates to learn how we can help.
This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, specific tax, legal or accounting advice. We can only give specific advice upon consulting directly with you and reviewing your exact situation.
