10-22-25 - Thriving in Retirement: Estate Planning as Risk Management
Retirement planning involves more than building a nest egg. It requires a comprehensive strategy that includes protecting assets, minimizing tax burdens, and ensuring your legacy aligns with your values.
In a recent Rochester Business Journal panel discussion on retirement planning and wealth management, Woods Oviatt Gilman Partner David Shaffer shared his expertise on the critical role estate planning plays in achieving a secure and fulfilling retirement. The virtual event brought together local financial and legal experts to discuss key considerations for those planning their retirement years.
Dave described estate planning as a form of risk management, stressing the importance of operating from "a position of strength." He urged individuals to take a proactive approach by regularly reviewing their estate plans to ensure all provisions remain current and reflective of their evolving circumstances and goals.
"Estate planning is about asset protection, minimizing taxes and ensuring your legacy continues after you are gone in a way that best fits your family," Dave explained.
He emphasized that engaging with experienced advisors and attorneys is essential to navigating the complexities of estate planning and creating a comprehensive strategy tailored to individual needs.
Read the full article: https://rbj.net/2025/10/20/thriving-in-retirement-beyond-finances/
