Children may not be thrilled to receive the vacation home despite fond memories.

Children who receive a vacation home as an inheritance are not always happy about it, according to the Wills, Trusts & Estates Prof Blog article “Inheriting Vacation Homes.”

The idea behind buying a vacation home may be to enjoy the getaway, build fond memories and to pass it on to the next generation but the problem for many children when inheriting a vacation home is that the property requires maintenance. Many children are not willing to pay the upkeep on a property they only visit a couple of times a year.

One way around this problem is to put the vacation home in a trust and provide funds for its upkeep, but that might not be the best solution for every family.

An estate planning attorney can guide you through the process of passing on the vacation home in the best way to benefit your children.

Do You Need To Speak With An Attorney About Estate Planning?

If you need to speak with an experienced estate planning lawyer please contact us online or call us directly at 800.756.5596 to first register for one of our free, informative seminars. Your attendance will qualify you for a special discount for our estate planning services should you decide to make a free appointment at the conclusion of the seminar and choose to proceed with us. We proudly serve clients throughout California with offices in Torrance, Newport Beach, Orange, Woodland Hills and Pasadena.

Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.
Post A Comment