Is Your Estate Plan as Strong as It Could Be?
Steven Kriz, a partner in our estate planning group, was recently featured on a podcast addressing key estate planning considerations. Steve discussed core components of a strong estate plan and surprisingly common pitfalls, as well as practical strategies for protecting family wealth and planning across generations. Topics include:
- Leveraging trust structures (including grantor trusts) to optimize income and estate tax outcomes
- Planning for liquidity and tax efficiency around highly appreciated and concentrated assets
- Succession planning strategies for closely held and family-owned businesses
- Coordinating lifetime transfers with valuation considerations and long-term wealth transfer objectives
- Structuring charitable planning
One theme runs through the entire conversation: timing matters. Waiting until a crisis forces the issue means losing the opportunity to plan on your own terms.
Whether you’re just getting started or wondering if your existing documents still hold up, this conversation provides a practical and eye-opening look at what responsible planning actually involves.
Listen to the full interview here.
Questions about your estate plan? Reach out to Steven Kriz or another member of LP’s Trusts & Estates Group.