Tuesday, March 07, 2017

Mom’s Million Dollar Gift

by Steve Haberstroh, Partner

I recently had lunch with a good friend of mine who is an Estate Planner at a top law firm in Fairfield County. Let’s call her Leah. Her practice deals with ultra-wealthy families so she is well-versed on sophisticated planning strategies when dealing with dynastic wealth.

After ordering food and making our usual pleasantries, we updated each other on the goings-on within our respective professions. I very much look forward to these lunches as she is full of clever ways to think about estate planning. When she said, “a gift during life is cheaper than the same gift at death,” I leaned in, asked for more details and then knew I had to share.

Read on: Mom’s Million Dollar Gift

Topic: Estate Resources