Scott Steiner

Scott Steiner, a wealth planning consultant at Calamos Wealth Management, shares his insights on estate planning and tax strategies. He highlights the Wrigley family's costly mistakes in managing their estate tax, emphasizing the challenges of illiquid assets like closely held businesses. Steiner discusses using family LLCs to maintain control while planning for taxation. He stresses the importance of involving heirs early, utilizing exemptions wisely, and the critical role of buy-sell agreements in promoting liquidity.