Gifting Ownership of a Vacation House: A Gift or a Curse?

In this month’s article of Wealth Management Insider, Patricia discusses the different choices
available to those seeking to keep a vacation home in the family.  While the next generation may derive great
pleasure from using the family home, there are bound to be conflicts and
tensions among siblings, in-laws, and extended family members. With the 2012
federal gift exemption currently at $5.12 million,  now may be a good time to gift the family
vacation home.  It is, however, important
to explore all the options before making this “irrevocable decision.”

Click here to read Patricia’s entire article, which explores
the different choices available to those seeking to gift a vacation home.