BREW: The Montgomery Estate Planning (Case Study)

Brendon DeRouin and Steve Walker share the Montgomery Estate Planning Case Study. Mr. and Mrs. Montgomery, a high net worth couple in their early 50s, reside in Minnesota and possess substantial assets, including multiple properties, investments, and a thriving business. Concerned about state and federal estate taxes, they aim to optimize their estate plan to maximize preservation while ensuring their family’s financial security. They engage estate planning professionals familiar with Minnesota laws to develop a tailored solution. As Minnesota residents, the Montgomerys face potential state estate taxes in addition to federal estate taxes due to their combined net worth surpassing the state and federal lifetime exemption thresholds. They seek strategies to minimize tax liabilities while preserving their wealth for future generations. Tune in to learn the solution on how to structure their plan.