Dodging the federal estate tax doesn't mean your wealth will pass intact.
A little more than two-thirds of Americans expect to leave at least some of their wealth on to the next generation, according to a 2015 HSBC report, while 9 percent say they are saving as much as possible for their heirs.
In 2016, up to $5.45 million in assets per person are exempt under the federal estate tax. But depending on where you live, your wealth might still be subject to state or local estate and inheritance taxes — which often have much lower thresholds. High funeral costs could further eat into what you leave your heirs.
— By CNBC's Kelli B. Grant
Posted 2 Sep. 2016