Ep.1- Estate Planning 101: Insights for High-Net-Worth Families (Ft. Michael Smith Esq.)

Episode Notes: "Ep.1 - Introduction to Estate Planning (Ft. Michael Smith)"

Welcome to the Davidov Wealth Podcast! In this episode, Michael and Ethan Davidov sit down with estate planning attorney Michael Smith to discuss the basics of estate planning and strategies for success.

Key Topics Covered:

• Michael Smith’s Background: Estate planning attorney since 2006, specializing in high-net-worth clients.
• Estate Planning Basics: Importance of revocable living trusts for avoiding probate and ensuring flexibility.
• Business Succession: Challenges in valuing and transitioning businesses to the next generation.
• Tax Strategies: Balancing estate, income, and capital gains taxes with family goals.
• Wealth ...