The Million-Dollar Mistake Most Wealthy Families Make Imagine finding a Jackson Pollock worth $50 million in a trailer or a Chinese vase selling for 43 million pounds after being valued at just 1 million pounds. These stories highlight a common oversight among ultra-high-net-worth individuals: underestimating the value of their art and collectibles. Without specialized estate planning, these valuable assets can lead to millions in taxes, family disputes, and forced sales. Understanding the Unique Nature of Art and Collectibles The problem often starts with a misunderstanding. Many wealthy families categorize art as conventional investments, like stocks or bonds. However, art and…