Trust & Estate Planning Edition

On September 25, BEA gave us the pleasant news that real GDP in the second quarter of 2015 grew at a seasonally adjusted annual rate of 3.9 percent, up from the previously reported 3.7 percent at a seasonally adjusted annual rate. Both were a welcome rebound from the paltry 0.6 percent at a seasonally adjusted annual rate of the first quarter. That first quarter outcome was heavily influenced by weather that was much worse than “normal” in much of the country and the strike at the Ports of Los Angeles and Long Beach.