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.
Estate planning may not be at the top of anyone’s list of fun family activities. However, it can be an opportune time to discuss what’s best for the shared family home.
A key goal for many people is to leave enough for loved ones to handle future expenses. If prices rise sharply, the same amount of money will buy less of what your heirs need.
