United States:
Private Wealth Magazine Publishes "How To Address Multigenerational Estate Planning Issues"
07 August 2018
Bowditch & Dewey
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Private Wealth Magazine published "How To Address
Multigenerational Estate Planning Issues" by Kristin
Shirahama. In her article, Kristin notes that previous housing
trends illustrated separate and independent households. However,
new evidence shows an increasing number of multigenerational homes.
This takes a considerable amount of planning, especially in terms
of the multigenerational estate, tax and financial planning issues
that may arise. Below is an excerpt from the article:
"Thought must be given to who should own the real estate
and if title should be taken jointly, in trust, a family
partnership, or otherwise. Does an interfamily loan make sense?
Will lifetime gifting reduce estate taxes at the expense of capital
gains taxes for the children in the future? Are there sufficient
assets in the parents' estate to pay any estate taxes and also
provide for other beneficiaries? How does the real estate fit into
the context of the overall estate plan and is the plan fair to all
the heirs?"
Continue reading on the Private Wealth
Magazine website.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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