Estate Planning with Vacation Homes

When putting together your estate plan, consider how laws in different states or countries will apply as you pass your vacation home property to your beneficiaries.  If you own real property in a state other than the state you live in at the time of your death, ancillary probate may be required to distribute this asset.  Ancillary probate is a secondary probate proceeding which is initiated in addition to the regular probate proceeding which distributes your assets in the state in which you reside.  Probate can be lengthy and expensive but it can also be avoided through careful estate planning.  With help from an experienced attorney, you can pass your vacation homes onto your beneficiaries without having the property go through ancillary probate.  To speak with an experienced estate planning attorney about probate avoidance today, contact our office at (941) 906-1231.