Considerations are necessary, if you plan to leave that summer home to the kids.
While the children may have fond memories of the family vacation home, they may not be able to afford it or even want it after you pass, according to the Globe and Mail in "How to keep the cottage in the family."
The article has a Canadian base, but the following considerations are likely to be necessary in the U.S. as well:
Call (443) 470-3599 today and schedule a consultation with Maryland Attorney Britt L. Stouffer to learn more about Estate or Elder Law and how she can help you.
Reference: Globe and Mail (April 11, 2017) "How to keep the cottage in the family."