10-08-2025
- Business
- Wall Street Journal
The Estate Tax Mistake That Can Cost Families Millions
The U.S. tax code is generous when it comes to passing down money to heirs tax-free, and it has only become more so under the new tax law. But for married couples to obtain the full benefit, there is a strict set of rules. Messing up can be disastrous.
In the case of Billy Rowland, it cost his heirs $1.5 million in extra estate taxes.
