Business
EMs likely to outperform the US; gold, silver in long-term uptrend: Arvind Sachdeva
2026 so far has been rough for the AI trade. Is the recent turmoil an unravelling of the trade or a temporary reversal?
We fear that it’s more of an unravelling. We think there has been a lot of malinvestment, some extreme capital spending by hyperscalers. We don’t think it’s sustainable. So we’re on the side of caution. We worry that because AI spending has generated such a significant proportion of US GDP growth, if we do see more signs of trouble in the AI space, then it could have some short-term negative implications for the economy and for the general stock market.
The lack of AI has been a reason why India has underperformed. For India, is the current AI concern a boon?
India did better in periods when emerging markets and non-US markets underperformed the US. It still underperformed the US but outperformed those markets. Now, I think the relative performance of India is going to be disappointing relative to non-US markets. I don’t have a view on the length of that potential underperformance, but for now, there are better opportunities elsewhere. On a relative basis, I’m not seeing any real encouraging signs.
Since you track price action very closely, is the adverse market reaction in the AI space right now just the tip of the iceberg?
I think it’s the tremors you get sometimes before the actual earthquake.So what I call them is ‘air pockets’- not in the large companies, but in some of the secondary type companies, you’re seeing these swift declines. That’s often a characteristic of a market that is transitioning-a sector that has led and has been strong may be transitioning into a different stage, maybe a decline. So yes, there are some tremors. So, are you seeing a longer downtrend or even a bear market?
From these US market valuations, future returns are going to be subpar based on history. When we’ve been at these kinds of valuations in the past, expectations for returns are subpar relative to long-term averages.But it’s too early to say bear-market. We may see more rotation in different sectors. So, you could see bear-market-like conditions in some sectors-technology and areas related to mega-cap tech. What’s interesting is we’re seeing rotation to cyclicals, which is counterintuitive. Smaller companies within the S&P are starting to outperform. That’s what we saw in 2000.We would strongly advocate that investors evaluate non-US markets and reallocate capital away from the US. So, which are your top bets outside the US?
Based on almost 15 years of underperformance in emerging markets, we think it’s in a long-term uptrend-possibly a decade. When you’re reversing a 15-year trend of underperformance, it’s unlikely to be a one- or two-year phenomenon.
Do you like emerging markets as a basket, or are there specific markets you like?
As a basket, yes. But within that, Brazil and China look particularly interesting.Brazil fits our thesis because of its resources and commodities. China has been depressed for so long and, technically, looks ready to break out. Brazil has already broken out from a long-term downtrend line.China has been very suppressed and has a very attractive technical profile for a breakout, along with policy support. So, our conviction for the next three to five years would be China. Once global capital recognises a new trend, especially after being heavily concentrated in the US, you could see outsized and sustained returns.
What about gold and silver? Is there more upside?
We think there is more upside for long-term investors. Near-term volatility may persist, but looking beyond that, we are quite bullish. Gold could return to recent highs around $5,600 and potentially into the $6,000s. In the longer term, we have much larger targets. This is a multi-year, decadal story. The foundations are strong because of US debt, concerns about fiat currencies, central bank buying, and an inflationary environment.Gold has also broken out on a relative basis against every major stock index globally. That signals a sustained period of outperformance.Silver has a similar outlook-more volatile, but very attractive. It is both a monetary and strategic metal, with supply deficits and strong demand in technology and solar.
Any long-term targets for silver?
In the intermediate term-one to three years-$250 to $300 would not surprise me. Over the decade, projections are significantly higher.
Within commodities, any other big trades?
Copper is a big one and is a core holding for us. We are also very bullish on critical minerals.
Bitcoin is seeing a slide. Any thoughts there?
On a technical basis, Bitcoin looks very weak. We see Bitcoin trading with the Nasdaq and tech stocks. If one is concerned about tech and software, it doesn’t make sense to be bullish on Bitcoin. It wouldn’t surprise me to see Bitcoin fall 30% from here.
So, which are your top trades for 2026 or the next three years?
Our strongest conviction remains gold and silver. To that, we add critical minerals and energy, particularly energy stocks, which are a contrarian trade right now. Energy stocks are breaking out to all-time highs and starting to outperform the Nasdaq and mega-cap tech. That suggests a new trend and possibly higher oil prices ahead.
The US Dollar seems to be critically poised. What is your outlook?
We think it’s in a long-term decline. It has broken below a 2011 uptrend line. If the DXY (dollar index) breaks below 95, we will have more confidence that the decline is accelerating.A weaker dollar supports emerging markets and commodities. In fact, we think emerging markets and commodities may be leading the dollar lower.
Business
AngioDynamics Q3 FY 2026 slides: Med Tech surge drives 8.9% growth

AngioDynamics Q3 FY 2026 slides: Med Tech surge drives 8.9% growth
Business
Building Justice From the Ground Up
What does it look like to combine social work and law in one career?
For Anisa Joy Leonard, it looks like long days, steady focus, and a clear mission. She is a social worker. She is also a law student. And she is building a career designed to close gaps in systems that often leave people behind.
“I’ve always wanted my work to mean something,” she says. “Not just in theory, but in real life for real people.”
Her path shows how she is doing exactly that.
Who Is Anisa Joy Leonard?
was born in Nairobi, Kenya. She was raised in Harrisonburg, Virginia. That mix shaped her early view of the world.
“Growing up between cultures helped me see how systems affect people differently,” she explains. “It made me curious about fairness and opportunity.”
That curiosity turned into action during college.
She attended Eastern Mennonite University and earned her Bachelor’s degree in Social Work in 2021. She also completed minors in Honors, sociology, and global development. She was recognized as a 2021 Cords of Distinction recipient for academic excellence and leadership.
While at EMU, she wrote for the student newspaper. She covered social issues and student life. That experience sharpened her voice.
“Writing helped me think more clearly,” she says. “It pushed me to ask better questions about the world around me.”
From early on, she was not just studying systems. She was analyzing them.
Education in Social Work and Policy
After EMU, Anisa moved to New York City. She enrolled at Columbia University and earned her Master’s in Social Work.
There, she focused on client-centered care, policy, and evidence-based practice.
“Social work teaches you to look at the whole person,” she says. “Not just the problem in front of you, but the environment around it.”
Her graduate training gave her tools to understand how poverty, housing, healthcare, and education connect. It also showed her the limits of direct service.
“You can help someone today,” she explains. “But if the policy is broken, the problem comes back.”
That realization changed the direction of her career.
Why Is Anisa Joy Leonard Studying Law?
Today, Anisa is pursuing her Juris Doctor at George Washington University Law School.
Her goal is not to leave social work behind. It is to expand her impact.
“I don’t see social work and law as separate,” she says. “I see them as partners.”
She wants to understand how laws are written. How regulations are enforced. How advocacy works at a higher level.
Law school allows her to build that knowledge. It gives her the language of policy and legal strategy. Combined with her social work background, it creates a rare skill set.
“I want to be able to sit at the table where decisions are made,” she says. “And speak for the people who are not in the room.”
What Does a Social Work Intake Specialist Do?
While studying law, Anisa works as a Social Work Intake Specialist.
Her job is direct and hands-on. She meets clients at vulnerable moments. She assesses their needs. She connects them to services and resources.
“Intake is often the first step,” she explains. “It sets the tone for everything that comes after.”
This role requires empathy and structure at the same time. She must listen carefully. She must also think critically.
“You have to understand the story,” she says. “But you also have to move quickly and make practical decisions.”
Her background in evidence-based practice helps her stay grounded. Her legal training sharpens her analytical skills.
This combination positions her as a bridge between systems and people.
Leadership in Social Justice and Community Work
Anisa’s leadership does not come from a title. It comes from alignment.
Her academic choices. Her professional roles. Her faith-based involvement. They all point in the same direction.
She remains active in the Mennonite USA Church. She participates in community initiatives and service programs.
“My faith teaches me to care about justice and community,” she says. “That’s not separate from my career. It shapes it.”
Her global roots also influence her leadership style. She brings both local commitment and international awareness.
“Every community has strengths,” she notes. “You have to start there.”
This mindset reflects modern leadership in social impact fields. It is not about control. It is about listening, learning, and acting with intention.
How Running Fuels Her Discipline and Focus
Outside of work and school, Anisa runs.
It is not just a hobby. It is part of her discipline.
“Running keeps me steady,” she says. “It clears my head.”
Balancing a full-time role with law school demands structure. Running helps her manage stress and stay focused.
In many ways, it mirrors her career path. It is steady. It is long-term. It requires endurance.
“You don’t see results overnight,” she says. “But if you stay consistent, progress happens.”
What’s Next for Anisa Joy Leonard?
Anisa is still early in her legal career. But her direction is clear.
She is building expertise in both direct service and legal systems. She understands clients at ground level. She is learning how policy shapes their lives.
That dual perspective positions her as a leader in the evolving space between social work and law.
“I want my work to connect the dots,” she says. “From the individual story to the bigger system.”
Her journey from Nairobi to Virginia, from EMU to Columbia, and now to GW Law reflects steady growth. It also reflects intention.
In a field that often separates policy from practice, Anisa Joy Leonard is working to bring them back together.
And she is doing it step by step.
Business
AngioDynamics, Inc. 2026 Q3 – Results – Earnings Call Presentation (NASDAQ:ANGO) 2026-04-02
Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team
Business
Hershey to tweak some Reese’s products after ingredient backlash
‘The Big Money Show’ panel discusses Hershey’s being slammed by the Reese’s inventor’s grandson over alleged recipe changes.
The Hershey Company plans to tweak the chocolate used in a small portion of its Reese’s and Hershey’s products following criticism from a descendant of the Reese’s Peanut Butter Cup founder over ingredient changes.
The chocolate maker said it will phase out certain compound coatings and transition those products to traditional milk or dark chocolate by 2027. The change is expected to affect less than 3% of Reese’s items and a small portion of its broader portfolio, according to Bloomberg.
“[We’re] bringing a small portion of remaining Hershey’s and Reese’s products in line with their classic milk and dark chocolate recipes,” a spokesperson for The Hershey Company told FOX Business in an email. “The core recipes for our Hershey’s chocolate bars and Reese’s peanut butter cups have not changed.”
GRANDSON OF REESE’S INVENTOR BLASTS HERSHEY OVER ALLEGED RECIPE CHANGES: ‘I THREW IT IN THE GARBAGE’

Various Reese’s products are pictured on store shelves. (Arne Dedert/picture alliance via Getty Images)
Most Hershey’s products, including its flagship chocolate bars and standard Reese’s Peanut Butter Cups, already use traditional chocolate. The updates will apply to select items such as the Reese’s Fast Break bar, some Mini Reese’s and certain foil-wrapped products, Bloomberg reported.
Hershey CEO Kirk Tanner said the decision to adjust ingredients was made shortly after he took on the role last summer.
The chocolate maker is also revising the Kit Kat recipe to create a creamier chocolate taste and plans to eliminate artificial colors from its products by the end of 2027, according to the outlet.
The changes follow recent criticism from Brad Reese, the grandson of H.B. Reese, who accused the company earlier this year of lowering ingredient quality in some products.
CHOCOLATE PRODUCTS RECALLED OVER HIDDEN DRUGS TIED TO ‘LIFE-THREATENING’ BLOOD PRESSURE DROPS

Reese’s products are seen in a shop in the United Arab Emirates on Nov. 24, 2023. (Jakub Porzycki/NurPhoto via Getty Images)
In a February LinkedIn post, he alleged Hershey had replaced traditional ingredients like milk chocolate and peanut butter with cheaper alternatives.
Reese on Wednesday dismissed the company’s latest announcement, calling it “a PR move” and “total bunk.”
“I don’t look at this as a win,” Reese told FOX Business.
He also questioned the timeline, suggesting the company is delaying meaningful action.
“They’re just hoping this will die down, and it’ll be business as usual by 2027,” Brad Reese said. “If they were really serious, they would do it right away.”
THIEVES STEAL 12 TONS OF KITKAT BARS FROM TRUCK IN EUROPE

Assorted candy, including Hershey’s, Reese’s and KitKat products, is displayed on store shelves. (Lindsey Nicholson/UCG/Universal Images Group via Getty Images)
Hershey pushed back in a statement to FOX Business, noting that Reese has no official connection to the company or brand.
The company also cited a statement from other members of the Reese family distancing themselves from his remarks.
CLICK HERE TO GET FOX BUSINESS ON THE GO
“Our family would like to make it clear that we have no involvement in, nor do we support, the recent claims made by Brad Reese regarding The Hershey Company. His statements and opinions are entirely his own and do not reflect the view or position of our family,” the family recently said in a statement.
“We continue to respect The Hershey Company, its leadership, and its longstanding role in our community. We believe H.B. Reese would take great pride in the products produced under his name today and in the integrity with which the brand continues to be managed.”
Business
Conagra Brands turning a corner

CEO spotlights improved results for frozen food and snacks.
Business
Private label sales reached $330 billion in 2025

The pace of category growth to be “more measured” in 2026.
Business
Iran war turns Middle East dream into nightmare for Asia’s migrant workers
According to the International Labour Organisation (ILO), the region hosts 24 million migrant workers, making it the world’s top destination for overseas labour. Most of them come from Asia – India, Pakistan, Bangladesh, Sri Lanka, the Philippines and Indonesia. Many of these workers take low paid or precarious jobs, and have little access to things like healthcare, the ILO says.
Business
Credit card interest rate cap would cut access for over 100M Americans: report
The Big Money Show discusses the potential fallout from President Donald Trump’s proposed credit card interest rate cap.
A new analysis finds that a 10% credit card interest rate cap would shrink access to credit, affecting well over 100 million American cardholders in the process.
Some Republican and Democratic lawmakers have expressed support for capping credit card interest rates at 10%, a measure that also received support from the Trump administration. Other proposals have centered on a higher cap of 15% or 20%.
An analysis by Unleash Prosperity warns that credit card interest rate caps would function as price controls on what is currently a highly competitive market, resulting in significant consequences for consumers and the economy.
“What’s going to happen if you put these interest rate caps on is you’re going to have fewer Americans with either lower incomes or lower credit scores who will have access to credit cards and that will make them worse off, not better off,” Steve Moore, co-founder of Unleash Prosperity and a former Trump administration economist, told FOX Business.
TRUMP’S PROPOSED CREDIT CARD INTEREST RATE CAP COULD CURB ACCESS FOR MILLIONS OF AMERICANS: REPORT

Credit card interest rate caps would affect the access to credit and rewards available to Americans, while the impact would be the greatest on consumers with lower credit scores. (iStock)
“Obviously, the big issue right now for consumers is affordability, and so the politicians are looking for any way to reduce costs to consumers. But what we found in our study is that the interest rate cap would dramatically reduce the number of Americans who would have access to credit,” he said.
The report by economists at Unleash Prosperity noted there is evidence that the vast majority of cardholders would be affected by a 10% rate cap, based on research from the U.S. and internationally.
It noted a large survey of the credit market published by the American Bankers Association in January, which found that 74% to 85% of open credit card accounts would be closed or have credit lines reduced, affecting between 137 million and 159 million cardholders.
Unleash Prosperity’s analysis found that the adverse impact would be the worst among cardholders with lower credit ratings, with it universally affecting subprime borrowers and below, as financial institutions wouldn’t be able to cover lending costs due to the interest rate cap.
TRUMP CALLS FOR 1-YEAR 10% CAP ON CREDIT CARD INTEREST RATES

Credit card interest rate caps would have an impact on cardholders across the spectrum of credit scores. (iStock)
The analysis estimated that between 71% and 84% of prime borrowers would either lose access to credit cards altogether or have credit lines reduced under a 10% cap.
Super-prime borrowers, who have the highest credit ratings with scores above 780, would also be affected by a 10% rate cap or even a 15% rate cap, as they currently face an average interest rate between 13% to 18% for existing accounts and 17% to 21% for new accounts. One such impact would be that credit card rewards programs could be curtailed through less generous incentives, or such rewards programs could be eliminated altogether.
A 20% interest rate cap would affect about 70% to 75% of all borrowers, or roughly 129 million to 140 million cardholders.
“We need maybe more financial literacy in this country because you are going to pay a very hefty interest rate if you don’t pay your credit card on time and the rates are high, but that’s because you’re not supposed to borrow on your credit card, and a lot of people do that and that’s how they get into financial trouble,” Moore said.
EX-TRUMP ADVISOR RAISES ALARM OVER BIPARTISAN CREDIT CARD PLAN THAT COULD HURT AMERICANS

President Donald Trump called for a one-year 10% interest rate cap. (Saul Loeb/AFP via Getty Images)
Moore noted that an unintended consequence of credit card interest rate cap proposals is that it could force consumers who need funds to seek out payday loans, which have an average interest rate of near 400% APR.
“The kind of do-gooders in Washington say they’re going to do this to help people stay out of debt… They don’t want payday lenders, they want to make it harder for people to use credit cards,” Moore said. “Well, what are people going to do, go to a loan shark to get money in a hurry?”
“The alternative to paying a high interest rate on a credit card can be even worse for people,” he added.
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Moore also said that credit cards play a significant role in how consumers engage in economic activity and that policymakers shouldn’t risk disrupting an important tool for consumers.
“Credit cards have become pretty ubiquitous in the U.S. and it’s by far the number one way people pay for transactions. The amount of money that people are spending on credit cards continues to escalate,” Moore said. “It’s a very convenient way for people to pay for things, it’s good for merchants, it’s good for customers, it’s good for banks – let’s not interfere with a system that’s working.”
Business
What Fast-Moving Digital Industries Teach Us About Business Agility
Fast moving industries are at the forefront of trends. They’re there to keep their customers interested, happy, and engaged, and it’s something that all businesses can learn from.
Business agility is the ability to think on your feet and react or even predict trends to steer your business through every hurdle and into a new phase of success.
As digital industries have a significantly shorter production period (they don’t need to find a manufacturer, create products only to then ship them, assess them, ship them back, make changes, and all before major distribution), they can react to trends and new ideas faster. The rise of AI in coding means that digital products are only faster and easier to make than ever.
It’s time to take a page out of the digital industry’s handbook and apply these top business agility lessons to your business:
Add New Features Fast to Keep Up with New Industry Standards
Digital industries move fast, and because they move fast, the standards benchmark is constantly being pushed further and further. Take online casinos as an example. In the past, their offerings were largely fixed to online slot games. While slots are absolutely still a huge part, online casinos today now offer live casino games with video streams of real dealers as standard. Go to Kanuuna.com, and you’ll be able to play live games online just as you would the bigger names in the business.
That’s why it’s so important to keep track of what your competition is doing. One person trying something new isn’t a big deal, but once everyone is doing it, it isn’t a matter of following the leader. The industry benchmarks have shifted, and so too do you.
Continue Updating and Refreshing Content
Content has exploded, and while users may be fatigued by the onslaught of AI-generated content, their appetites have only grown for new things. AI has set a whole new pace for content generation, and while you don’t need to keep pace with a bot farm churning out hundreds if not thousands of posts and new bits of content per day, you do need to create and it has to be consistent.
The good news is that you don’t need to do it alone. Just as online casinos partner with game developers to get their games on their sites, you too can partner with content creators or even other businesses to create mutually beneficial symbiotic relationships that give users new content without compromise.
Stay at the Forefront of Digital Security
One lesson you absolutely (and this is 100% non-negotiable) need to follow from the digital industries is the ongoing push to enhance digital security. Online casinos do this through extensive ID verification, encryption, and fraud prevention measures. This approach works to cut down on spam as seen on other platforms while also boosting protections against outside attacks.
From AI-powered system monitoring to implementing more advanced firewalls to even establishing simple password and identity verification checks, there are many ways you can improve your digital security. The secret, however, is to know you are never done. Security is an action, not a goal. You will need to continually invest in it to remain online and operational, which is the bare minimum to establish true business agility.
Business
Tax changes have rich parents trying to claw back fortunes from kids
Thomas Barwick | Digitalvision | Getty Images
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.
While many wealthy parents are breathing a sigh of relief over estate tax changes in last year’s tax bill, some are questioning whether they gave too much to their children — and how to get some of it back.
Before the passage of the One Big Beautiful Bill Act last summer, the estate tax exemption was set to be cut in half to about $7 million a person at the end of 2025. Many families accelerated gifts to their kids and friends before the deadline in order to take advantage of the higher exemption, which was set during the first Trump administration. Under Trump’s second term, however, the new tax law not only raised the exemption to $15 million but also made it permanent.
Lawyers and advisors told Inside Wealth that some parents are now second-guessing their gifts and considering their legal options for potentially clawing some of it back.
It’s a somewhat unexpected element of the “great wealth transfer,” with more than $100 trillion expected to flow to heirs through 2048, as estimated by Cerulli Associates.
Mark Parthemer of Glenmede said divorce is a common reason for clients to regret transferring vast sums to their kids. Wealthy couples frequently set up spousal lifetime access trusts, or SLATs, to get assets out of their estate but keep indirect access to them through their spouse. After a divorce, the spouse who funded the trust loses the benefit of that cash flow.
“We’re now finding the rubber is hitting the road,” said Parthemer, Glenmede’s chief wealth strategist. “There’s a lot of individuals that are just statistically going to find themselves in that scenario.”
Parents have a few routes to claw back assets that were already transferred to their children. One option is to take a loan from the trust set up for their children’s benefit, though it can strain family ties.
And any route could invite scrutiny by the Internal Revenue Service.
“I’m always advising parents not to overcommit because you don’t want to ever have to be beholden to your kids,” said Robert Strauss, partner at Weinstock Manion.
Strauss said he is currently advising a husband and wife who feel financially stretched after gifting two California homes to their children. The couple wants to sell the Malibu home for at least $17 million and collect the cash, but the home is in a trust for the benefit of their children. Strauss’ plan is to divide the trust, use one offshoot to sell the Malibu property and have it lend money to parents.
“I think their fears are irrational. They could slow down their spending, and they would have plenty left, but they evidently can’t,” he said. “They feel as if they’ve transferred too much, as if they didn’t retain enough, and that they lack economic security.”
While it’s legal for the parents to take a market-rate loan from the trust, the parents risk losing their tax savings, according to Strauss. The IRS could deem that the parents are the true beneficiaries of the trust and count its assets toward their taxable estate, he said. The risk is higher if the parents do not have the assets to repay the loan, he added.
“You can’t get around the fact that they need the money, and so you’re looking to break the fewest number of eggs,” Strauss said.
Some parents feel squeezed when gifted assets significantly appreciate, according to Robert Westley of Northern Trust. Clients often use grantor trusts to transfer assets to their kids, meaning they are on the hook for the trust’s income taxes, he said. For instance, if the trust receives dividends or sells stocks, the income or capital gains tax burden falls on the grantor, the person who funds the trust. Over time, “that tax burden becomes overbearing,” said Westley, senior vice president and regional wealth advisor at Northern Trust.
An alternative to taking a loan is swapping the parents’ nonliquid assets with income-producing ones from the trust, which is permissible if they are of equal value, he said.
Todd Kesterson of Kaufman Rossin said his remorseful clients aren’t necessarily strapped for cash, but are frequently displeased when their children’s fortunes exceed theirs.
“The only regret I’ve seen is where they’ve given away a lot of money in trust, and those trusts have done incredibly well for their kids, and now suddenly their kids’ net worth is more than theirs,” said Kesterson, principal of the firm’s family office practice. “It’s happened a number of times, and they say, ‘Well, this isn’t fair. How can we reverse this?”’
While estate planners frequently use irrevocable trusts for wealth transfers, they can be modified or terminated (despite their name), depending on the trust’s terms and jurisdiction. For instance, if the trustee has the authority to do so, an irrevocable trust can be “decanted,” which “pours” the assets from an old trust into a new one with more favorable terms. Depending on the state where the trust is held, it can be terminated altogether if the beneficiaries consent, returning the assets to the parents.
All of these routes risk undesirable tax consequences or, perhaps worse, ire from heirs. When children refuse to cooperate, sometimes their parents take them to court.
Scott Rahn, founding partner of RMO LLP, gets called in when ultra-high-net-worth families can’t see eye to eye. He said inheritance disputes are getting more common as families get richer and people live longer and fall ill with conditions like Alzheimer’s disease or Parkinson’s.
“These disputes are as much about emotion as they are about money,” Rahn said.
“Often the parent wasn’t there for them. Perhaps the parent was creating the wealth, out there plowing the fields and captaining industry and these kinds of things,” he added. “The child feels connected to them financially but perhaps not as emotionally. And they’re going to have a difficult time being asked to give back the thing that meant love to them.”
Rahn said he occasionally brings in psychologists or family therapists to assist during the discussions. Courts tend to be more sympathetic if the trust creator has experienced an unforeseeable life circumstance like illness, he said. Most of Rahn’s cases eventually end in a settlement, he added.
Ultimately, Rahn said he anticipates more conflicts of this nature down the line and advises parents to build flexibility into their estate plans, such as designating a trust protector who can modify the terms of the trust if the grantor falls ill.
“This trend of giving while living isn’t going away. If you’re looking at millennials, Gen Zs, the [Generation] Alphas that are coming up, the cost to get a start in life, whether it’s a business or a home, is only continuing to increase,” he said. “I think the families who are best situated to help avoid disputes like the ones we see and avoid needing these modifications, are going to be the ones who combine that smart planning with clear communication with their heirs and beneficiaries, so that everybody’s on the same page.”
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