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On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") was signed into law. The CARES Act provides emergency assistance to individuals, families, and businesses affected by the COVID-19 pandemic. The CARES Act is divided into two divisions: Division A includes programs to benefit individuals, companies, and the health care system affected by COVID-19; and Division B describes the supplemental appropriations to help the government respond to COVID-19. A summary of the CARES Act outlines and details the assistance available.

In this Part Four of the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), we take a look at the use of qualified charitable distributions (OCDs) that impacts estate planning.

COVID-19, also known as the coronavirus, has caused unprecedented global disruption. Keeping your stakeholders informed with clear, consistent messaging is essential for risk mitigation, so be sure to use a crisis communication strategy.

While today’s health, economic, and market concerns have created a challenging environment, there is a silver lining for wealth and estate planning opportunities. Compelling opportunities include gifting assets with depreciated value; using the low interest rate environment to your advantage through vehicles such as grantor retained annuity trusts, intrafamily loans, and sales to intentionally defective grantor trusts; converting a traditional individual retirement account (IRA) to a Roth IRA; and tax loss harvesting.

Some advisors are clamoring for managers to harvest any and all available tax losses in their clients’ accounts. But harvesting all the losses in a portfolio creates risk—risk that can cost far more than the transaction will benefit the client.

Can the municipal bond market overcome a liquidity shortage triggered by the COVID-19 pandemic? Find out which sectors carry the most risk of leading to a credit crisis.

Black swan events—like the 2008 financial crisis and the COVID pandemic—often come with high velocity and are slow to recover. While these events are difficult to predict, the best way to get ready for the next crisis is with extreme preparation. Looking ahead with intentional risk management, here are 8 ways to prepare your business, family enterprise, or family office to better position itself to respond and adapt.

When developing a model coronavirus response plan, there are three areas family businesses and family offices should consider. In addition, it is important to have an FAQ communication for employees. A sample FAQ is provided, keeping in mind that each employer will have different answers to the questions asked based on its unique considerations and needs.

What started as a China-specific issue is spreading fast across the globe for one business after another. One estimate says organizations may lose up to $1.1 trillion before the COVID-19 tragedy ends. Korn Ferry experts believe leaders must rely on agility, transparency, and forward-thinking strategies throughout the crisis.View the video series to learn more about leading in a time of crisis:

Social distancing drives a great need for virtual work, including in the area of assessments. Until the advent of technology that enabled remote simulations, in-person leadership simulation assessments comprised of interviews, tests, and a variety of live interactive business simulations. In this report, two case studies highlight the robustness of executing leadership simulations virtually.