"It’s an ill wind that blows nobody good "
The current low valuation levels in the financial markets present some unique opportunities for estate tax and income tax planning. Low values give the opportunity for transferring assets on very advantageous terms, freezing low values, and recognizing losses for income tax planning.
Here is a list of excellent strategies reprinted from North Carolina Estate Planning Blog:
1) If you are not selling options or using margin trading, you should revoke your margin agreements. This reduces your risk by ensuring that your securities are not lent.