A second home can a special place where friendships are renewed and energies restored. It may be the scene of family gatherings that are held summer after summer until they become treasured annual traditions. Whether the property is a condo, cottage, or grand château, its walls may hold some of life’s fondest memories.
It’s natural, then, to want your second home to be enjoyed by the next generation after you are gone. But deciding how to accomplish that goal poses a special estate-planning challenge.