Death and taxes may be inevitable, but a big bill for your heirs doesn’t have to be. Estate planners say many of the strategies used by the wealthy to smoothly pass on money also work for families with far more modest assets. While most Americans won’t owe estate taxes, inheritances can still get tied up in probate court, costing families time and money. Another legal method many rich families use to grow their wealth is a rule that allows inherited stocks and property to be sold with little or no tax. Experts stress the importance of keeping beneficiary designations up to date too.
