All in the family – Transferring your vacation home
Abstract: Vacation homes are typically treasured by families and often pass down from generation to generation. But there may be more to transferring the family lake cottage or beach house than first meets the eye. If one plunges ahead without careful planning, it could disrupt harmony and lead to a “family feud.” In some cases, relationships may be severed forever. This article details how to properly account for a vacation home in an estate plan.