How Do I Pass on $5 Million to My Wife and Heirs?

I am over 85 years old and have an investment portfolio of $5 million-plus. My wife is of similar age, and I would like to provide for her during her lifetime. I would like to establish a family education vehicle with the majority of the funds going toward the higher education of my heirs. What is the best way to accomplish this?

-- Samuel Steven

Samuel,

This is a complicated area of estate planning, and you need to get yourself a good tax attorney. But we'll run through a few suggestions from our experts that you can discuss further with your adviser. ...