One mistake in your estate plan can cost your family millions. In this episode of The Legal Exchange, Todd Lutsky and Susan Powers walk through real cases that show how outdated documents, poor planning, and misunderstood strategies can create massive financial consequences. Also covered:
- How a power of attorney allowed $5.6 million in gifts
- Why remarriage without updating your plan can backfire
- The hidden risks of nominee realty trusts
- When gifting assets can actually increase taxes
- Why failing to update your plan after major life events is so costly
What to fix now before these mistakes impact your family.