Recreational Real Estate – Tips for Passing Down the Family Cabin
Season 3, Episode 17 – It’s where so many family memories are shaped…and your generous commitment to maintaining a legacy might become a tax burden. The family cabin is a source of memories for everyone, but leaving it to your kids could tarnish some of the future good times. So, what do you need know in advance? Should you sell it to your children? Gift it? Who gets what share? Who pays for maintenance in the future? And should you just turn it into an LLC? The simplicity of life at the family cabin can become incredibly complex when you’re gone. JDSA attorney Caitlyn Evans talks about your options in this episode of JDSA’s Law Talk about Recreational Real Estate – Tips for Passing Down the Family Cabin.
This is the weekly podcast that clearly explains complicated legal issues, and how the law applies to your everyday personal and professional life. *JDSA’s Law Talk discusses general legal issues, but does not constitute legal advice in any respect. Please seek the advice of counsel prior to making or refraining from a legal matter.