Family Estate Planning Attorney in Ketchum, Idaho
What are the issues that arise in passing the family cabin or vacation home to heirs?
What are the issues that arise in passing the family cabin or vacation home to heirs?
More In This Category
View Transcript
00:04
family cabins and vacation homes
00:06
uh usually start at uh with the older
00:09
generation
00:10
of siblings who may have obtained it
00:12
from their parents
00:14
and everyone gets along fine usually one
00:18
or two siblings uses it more than the
00:19
others but they’ve
00:20
maybe been in a pattern of shared use
00:23
for
00:24
20 years the issues come in
00:27
at the next next generation at each
00:29
generation the families
00:30
have a tendency to become a little bit
00:32
more fractured in relationship and
00:34
there’s more people who are trying to
00:35
use it
00:36
so just like anything it’s a question of
00:38
how do you share and assets
00:40
you know basic roles you learn in
00:41
kindergarten that it’s hard to share and
00:44
we try and structure agreements whether
00:47
it’s attendance in common agreement
00:49
or it’s held in a limited liability
00:51
company
00:52
so the terms are an operating agreement
00:54
that address
00:56
shared expenses shared use and then of
00:59
course
01:00
you know when someone wants to sell
01:02
their interests how do you control that
01:04
so that people are in ownership with
01:07
whom they want to be in ownership with
Contact Jill Eshman
Email This Lawyer
(208) 727-1700
See All This Lawyer's Videos
Visit Lawyer's Website
Los Angeles, CA Estate Planning & Probate lawyer Jill Eshman explains some of the issues that arise in passing the family cabin or vacation home to heirs.
