Want to create an interactive transcript for this episode?
Podcast: How to Scale a Business
Episode: How Katie Krispin Avoids the $15M Tax Trap Most Owners Miss
Description: Katie Krispin, founder of Katie Krispin Law, reveals why estate planning isn't just for the wealthy or elderlyβit's a critical business protection strategy that most entrepreneurs ignore until it's too late. Through real-world stories, including three young children who lost their mother without a plan, Katie explains how proper estate planning protects your business during incapacity (which affects 67% of people before death), avoids probate court delays of 12-18 months, and can save millions in taxes. She breaks down the difference between trusts and wills, debunks common misconceptions, and explains the four core documents every business owner needs: financial po...