If your assets include a vacation property that you want to preserve for your descendants, there are some steps you can take to maximize the chances that the property will stay in the family and will not become a bone of contention. It almost always makes sense to hold such an asset in an entity for creditor protection and ease of management. The same kinds of considerations may go in to passing on the family homestead. Check out what the Wall Street Journal has to say here.
For more information about estate planning in Hawaii, you can look here.
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