
The Hidden Pitfalls of Co-Owning a Vacation Home
Explore the benefits and challenges of co-owning a vacation home, and how an estate planning attorney can help prevent potential disputes.

Explore the benefits and challenges of co-owning a vacation home, and how an estate planning attorney can help prevent potential disputes.

Various types of property, such as bank accounts and real estate, can be owned jointly with another person(s).

It is quite a tragedy when a loved one passes away. You may want to remember them by keeping sentimental objects from their home, or perhaps they wanted you to inherit a specific item.

As you know, a power of attorney (POA) allows another person, the Attorney-in-Fact (AIF), to conduct business on behalf of the principal. The POA authorizes the AIF to sign for and on behalf of the principal.

If you pass away without a will, a state court generally decides who gets your assets and, if you have children, who will care for them.