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We all know that two guarantees in life are death and taxes. But did you know that there’s more–a LOT more–to smart estate planning than just dealing with “death” tax issues? In fact, many people don’t realize that estate planning strategies can save your heirs hundreds of thousands of dollars in capital gains, income, and property taxes…not to mention probate court fees, preservation of government benefits, and more!
In Co$tly Estate Planning Mistakes estate planning lawyer Rebecca Sommer and Enrolled Agent Susan Miller discuss common scenarios – such as adding a child to the deed or your bank account – and the unexpected costs and consequences that come with them.