Estate planning is incred-inline-blockly difficult, but cottages in particular can cause a huge headache. Your family members may disagree about what to do with the property. No matter who inherits it, maintenance costs and taxes need to be considered. Though it holds memories, selling the property may be the right decision. Make sure you talk to your lawyer and all your family members to ensure you are choosing the smartest, easiest decision.
Planning your estate matters is first and foremost about having a will. But it can also be much more. A well-thought-out estate plan ensures that your family is cared for should something happen to you, and that your money goes where you want it to. It’s an important pillar of managing your wealth.
Estate planning is incred-inline-blockly difficult, but cottages in particular can cause a huge headache. Your family members may disagree about what to do with the property. No matter who inherits it, maintenance costs and taxes need to be considered. Though it holds memories, selling the property may be the right decision. Make sure you talk to your lawyer and all your family members to ensure you are choosing the smartest, easiest decision.