Today on Terra Firma: Conversations on Commercial Real Estate, hosts Stacey Tyler and Stephen Tanico are joined by Lowenstein Trusts & Estates partner and fellow podcaster Warren Racusin to discuss real estate in the context of estate planning. While there are a number of important considerations in this area, this episode focuses primarily on estate taxes and governance. The lawyers discuss some of the ways to reduce one’s estate tax burden, including gifting of real estate assets, establishing trusts, and the use of life insurance as a source of liquidity, as well as governance concerns associated with real property ownership and management over the long term. 

Speakers:

Warren K. Racusin, Partner and Chair, Trusts & EstatesStacey C. Tyler, Counsel, Real Estate; Deputy Chair, Cannabis PracticeStephen Tanico, Counsel, Real Estate