Family Estate Planning Attorney in Los Angeles, California
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?
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family cabins and vacation homes
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uh usually start at uh with the older
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generation
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of siblings who may have obtained it
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from their parents
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and everyone gets along fine usually one
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or two siblings uses it more than the
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others but they’ve
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maybe been in a pattern of shared use
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for
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20 years the issues come in
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at the next next generation at each
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generation the families
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have a tendency to become a little bit
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more fractured in relationship and
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there’s more people who are trying to
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use it
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so just like anything it’s a question of
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how do you share and assets
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you know basic roles you learn in
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kindergarten that it’s hard to share and
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we try and structure agreements whether
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it’s attendance in common agreement
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or it’s held in a limited liability
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company
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so the terms are an operating agreement
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that address
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shared expenses shared use and then of
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course
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you know when someone wants to sell
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their interests how do you control that
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so that people are in ownership with
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whom they want to be in ownership with
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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.
