Succession happens—planning makes the difference. As your family considers a transfer of ownership between generations, it’s vital to understand why a well-conceived plan is so important and what the critical elements of the process are.

It may seem that there will always be time to address estate planning. However, a unique opportunity to maximize the amount of wealth that can be tax-efficiently passed to heirs will expire at the end of 2025.

In this article, we explain why 2024 is an ideal year to prioritize your wealth transfer plans!