CLE on Planning for Vacation Homes

The National Business Institute is sponsoring a 90-minute national teleconference entitled Estate Planning for Vacation Homes on December 7. The program description is below:

Vacation home estate planning is no longer just for the wealthiest of your clients. Summer homes and hunting cabins often hold more sentimental value for family members than their primary residences. It’s been their source of rest and relaxation for many years, and now they’re expecting that you can help them keep the vacation home in the family for many more generations. How do you treat realty that doesn’t fall under the qualified personal residence tax break? Take your estate planning practice to another level with our knowledgeable faculty’s practical advice and useful forms – register today!

• Learn about the different legal entities most often used in transferring vacation homes from one generation to the next.
• Avoid future problems by understanding what needs to be included in every vacation home estate plan.
• Effectively draft vacation home estate plans with the help of sample forms.
• Discuss key tax reporting challenges you’ll need to overcome for smooth implementation of the plan.