Planning for the Family Vacation Home

Many individuals own vacation homes in addition to their primary residences. Frequently, these properties not only have significant economic value but also hold sentimental value. For this reason, incorporating them into an overall wealth and estate plan is critical. Select a plan that is appropriate for your situation. In today’s episode, Matthew Lee, director of Wealth Strategies for Wilmington Trust’s Emerald Family Office & Advisory® helps answer the question, how can holding a vacation home in a limited liability company enhance an overall estate plan?