Passing on your family home or vacation home to your children
Do you own a vacation home that you might want to pass on to your family members if something happens to you? If you don’t have a plan in place yet for your vacation home, it’s understandable. Maybe you’re renting it out, or maybe your family just doesn’t visit it that often.
You don’t want your family to disagree over who should get your property when you pass away. And you also want to ensure all generations of your family can enjoy use of your vacation home.
To guarantee that your treasured family getaway is passed on to the people of your choosing, here are 3 estate planning considerations to think about: