A family vacation home can contain many important memories. However, there are certain considerations involved with passing a vacation home on to one's heirs.

August 2016
Before creating special arrangements for a vacation home in your estate plan, the first question to ask is whether your heirs actually want to own the home. A vacation home may hold strong sentimental value for some family members and not others. Economic considerations are also important, such as the cost of property taxes, whether the home must be rented out when the family is not using it and whether there are enough other assets in your estate to provide for a more liquid inheritance as well.  Read the full article.

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