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ARTICLE · 29 AUGUST 2023

Don't Split Heirs! How To Avoid Family Fights When Leaving Behind A Second Home

Gallet Dreyer & Berkey
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Forget location, location, location. Parents leaving a treasured holiday home to kids and grandkids have three more important things to worry about if they hope to avoid years of family in-fighting and legal battles.

United StatesWealth Management
Asher Rubinstein
Asher Rubinstein

"Ownership, management, and use of the holiday home: That's the trifecta estate planners and financial advisors need to reckon with if they want to keep the peace."

Forget location, location, location. Parents leaving a treasured holiday home to kids and grandkids have three more important things to worry about if they hope to avoid years of family in-fighting and legal battles.

Ownership, management, and use of the holiday home: That's the trifecta estate planners and financial advisors need to reckon with if they want to keep the peace.

When it comes to ownership, the big questions that must be answered include: Who actually owns the property? Is it the parents or grandparents, and do the children get to use it? Is it a trust for the benefit of multiple family beneficiaries, potentially lasting over multiple generations?

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