American households can avoid common estate planning pitfalls by ensuring they have conversations about how the process will play out upon a loved one's death.
Lorne Maltenfort, national director of private wealth planning at Wells Fargo, told FOX Business that there are two parts, in particular, of a wealth transfer to understand.
"There's the documents and preparing the documents and making sure that they're in place, and then there's the second half, which is conversations that are traditionally not happening," he said.
Maltenfort said that it's important to shift from "documents to dialog and then dialog to action in order to prevent these…
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