Estate Planning for Vacation Homes
Lorman Education Services
Private Wealth Services Co-Chair David Scott Sloan and Associate Laurence Constable will participate in the Lorman Education Services' Estate Planning for Vacation Homes Audio Conference.
Summer and holiday gatherings at the family vacation home have become important traditions for many families. Providing a place where family members can relax, reconnect and escape the busy pace of life is increasingly significant to many families. Parents want to perpetuate these cherished memories and experiences throughout the generations. To do so requires careful, thoughtful planning by both the parents who own the property and those to whom they would like to pass this unique legacy. This live audio conference will review the many options available to vacation homeowners to plan for such important transfers. You'll learn about the mechanics of such strategies, as well as the potential pitfalls. Since every family dynamic is different, there can be no single strategy that will work for every family. Mr. Sloan and Mr. Constable have worked closely with many families to define and meet their planning goals so that they may preserve and transfer assets to successive generations. They will discuss the following:
- transfer techniques
- tax considerations to transferring family property
- second generation issues and considerations
- addressing ownership beyond the second generation