When people think about making an estate plan, they likely don't think about too much beyond just making sure their loved ones are named as beneficiaries or heirs for their assets. One of the biggest assets that many people leave behind is their home, but that home can come with some baggage. For California residents who are working on an estate plan and those who stand to inherit the home, they should know about some of the possible challenges of inheriting a home.
Benjamin Franklin famously quipped that "in this world nothing can be said to be certain, except death and taxes." In the case of famous pop star Michael Jackson, taxes remain a contentious issue nearly five years after his death.