Are You Forcing Unintended Consequences on Your Heirs?

Unless you take your heirs' wishes, taxes and interests into consideration in your plans, you could be committing some serious unforced errors with your estate.

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When building an estate plan, the primary focus is typically how to transfer assets to heirs. Often it’s split equally, and sometimes it’s not. Regardless, most individuals don’t consider the outcome it creates for the beneficiaries.

Ideally, the estate plan creates a positive outcome. After all, your children will be better off with more assets, won’t they? But you might be surprised at how easy it is to force an unintended negative outcome on your loved ones, similar to an unforced error in tennis.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Brian Vnak, CFP, CPA
Vice President, Integrated Advice, Integrated Advice, Wealth Enhancement Group

Brian Vnak is Vice President, Wealth Enhancement Group, advising clients on income, gift, trust and estate tax issues.