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Audio & Reference Manual

All in the Family: Estate Planning for the Vacation Home

Preserve your client's happy memories - Get practical estate planning techniques for vacation homes.

A vacation home is often a place filled with meaningful family memories. Many vacation home owners wish to keep the home in the family for future generations, but without proper planning, the transfer of a vacation home to heirs can be overcome by realities that leave family members with a burden instead of a legacy. Some common issues that arise are: divorcing spouses or other unforeseen creditors of the heirs; disagreements among heirs; distant heirs finding the use of the home impractical; increasing costs of maintenance, repairs and property taxes over time; challenges in managing the use and upkeep of the property; and other complexities, such as disparate wealth among family members. Learn practical solutions to these problems using estate planning techniques that can help vacation home owners plan for these and other potential issues, and create a plan to facilitate enjoyment of the home for years to come.

Runtime: 82 minutes
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

What Makes This Asset so Unique?

  • Illiquidity
  • Appreciation
  • Family
  • Emotion

Why the Unique Character of This Asset Matters

  • Discussion of Types of Ownership
    • Joint Tenancy
    • Tenancy in Common
  • Problems That Can Arise
    • Partition
    • Creditor Issues
    • Disparate Wealth Among Heirs
    • Maintenance, Use and Control Arising From Form of Ownership
    • General Disagreements

Planning Techniques Available to Deal With This Type of Asset (Bulk of Discussion - Provide In-Depth Description of Each Technique and Advantages/Disadvantages of Each)

  • Tenancy in Common With Ownership Agreement
  • Irrevocable Trust
  • Limited Liability Company
  • Tax Considerations
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on February 24, 2016.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • CAC 0.5
     
  • AK CLE 1.5
     
  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • GA CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MO CLE 1.8
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NM CLE 1.5
     
  • NV CLE 1.5
     
  • NY CLE 1.5 including Areas of Professional Practice 1.5
     
  • UT CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Melissa Cover Selinger

Melissa Cover Selinger

Selinger & Brunette, LLC

  • Founding partner of Selinger & Brunette, LLC in Madison, Wisconsin
  • Licensed and practicing in both Illinois and Wisconsin
  • Practice emphasizes all aspects of estate planning, estate and trust administration, and related tax planning
  • Conducts regular seminars and workshops on numerous estate planning and trust-related topics
  • Committee member for review and enactment of Uniform Powers of Appointment Act in Wisconsin
  • President-Elect of Madison Estate Council
  • Past chair of numerous committees for Chicago Bar Association
  • J.D. degree, Washington University School of Law; B.A. degree, University of Illinois at Urbana-Champaign
  • Can be contacted at 608-960-4537 or [email protected]
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
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  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 397522
Published 2016
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Available in Multiple Formats

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