Raising children is one of life’s richest experiences. It’s also one of the most expensive. From tuition and summer camps to braces and after-school activities, the costs add up quickly. Yet within those very expenses lies an often-overlooked opportunity: thoughtful tax planning.
The great wealth transfer is already underway, and real estate is at the center of it. Baby boomers and the silent generation own close to $25 trillion in property, from primary residences to investment rentals and vacation homes. Over the next two decades, much of that will move to the next generation—and with it comes the potential for taxes, legal headaches, and even family rifts.
