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For most of us, our home is the most valuable asset we have. It’s also often a highly sentimental one. That’s why you need to give it careful consideration when you do your estate planning. You want to make a smart financial decision about what will happen to it when you’re gone.

Many people leave their home to one or more of their children. That can necessitate some difficult conversations if you have multiple children who were counting on inheriting the family home. Whether you have one property to hand down or an additional vacation home, the bequeathing of all properties need to be done responsibly. Otherwise, there can be legal, tax and financial burdens for your children that you didn’t anticipate.

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Many people throughout Pennsylvania and throughout the country have been watching the latest in the saga of former National Football League player Lamar Odom and his estranged wife, Khloe Kardashian. Odom was initially hospitalized and in a coma after being found unconscious in a brothel in Nevada.

The two had already signed divorce papers. However, because of a backlog in the California courts, the divorce had not yet been finalized.

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It was a sad coda to the already-tragic suicide of Robin Williams. The comedian and Oscar-winning actor Robin Williams died last year at 63. Then his widow and his three children, whose mothers had previously been married to Williams, started battling in court over his estate.

Susan Williams, who was married to the beloved performer when he killed himself in Aug. 2014, filed a petition last December in a San Francisco court asking that her late husband’s possessions that were in the couple’s home at the time of his death not be included in his children’s inheritance. She also claimed that some of those items were taken from the home without her permission.

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