$32M Estate Mistake, Nursing Home Contracts, and Trust Planning Explained
One estate planning mistake cost millions—and it happens more often than you think. In this episode of The Legal Exchange, Todd Lutsky and Susan Powers break down a $32 million estate gone wrong, plus key lessons on trusts, inheritance planning, and nursing home agreements. Also covered:
What happens when you die without a will
How poor planning can trigger massive tax bills
Why you should never blindly sign nursing home contracts
The differences between guardians, powers of attorney, and healthcare proxies
How to protect assets from taxes, divorce, and creditors
The skinny
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