With blended families, a detailed examination of assets, strategic planning and transparent communications are needed to build a plan that satisfies all parties.
The new omnibus budget bill sets the federal estate-tax exemption at $15 million for the next year and provides for the threshold to remain permanently high—but that does not take estate planning off your to-do list.
It's a mistake that's shockingly common among affluent families. It doesn't make headlines. However, it does trigger massive tax bills—and it's costing heirs millions every year.
