Estate planning may not be at the top of your mind during times of market volatility. However, careful consideration of the opportunities presented during a market decline, especially when interest rates are low, may help reduce taxes as well as assist in fulfilling estate planning goals.

While a legal will or a trust is generally drafted by a lawyer, an ethical will is something that you prepare or write yourself and is not a legal document.

If it’s been a while since you’ve reviewed your will, it’s wise to ensure that it still reflects your plans. Read some questions to help you determine if your will is up to date.