This is an opportune time to review your estate planning documents and engage in planning that takes advantage of low market valuations and high volatility.
Do you have assets that have dropped in value, but you expect those assets to recover over the next two or more years? Would you like to transfer some or all of that expected appreciation to your children or other beneficiaries?
Would you like to transfer wealth to your family, but are concerned about relinquishing complete access to it now?