Planning for succession of a cottage or vacation home: Consider the taxes

By Susannah Roth and Margaret O’Sullivan ( June 4, 2018, 8:39 AM EDT) -- Concerns about inheritance of the cottage or vacation property, including who, how and when are often worrisome for owners. In our last article, we discussed personal and emotional considerations in planning for the succession of a cottage (or other vacation home). This article will focus on the tax issues to be reviewed when planning for a cottage or vacation home....