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Real Estate
The Real Estate Adviser |
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December 1, 2005
The Real Estate Adviser: Few families prepare well for inheritance
By TOM KELLY
Special to the Journal
Special to the Journal
How can Christmas be right around the corner? Didn't we just put away the pumpkin carving tools? Wasn't it two weeks ago that we made room in the garage for the deck chairs?
While we prepare for the traditional season of giving, the lack of preparation by baby boomer heirs for "the great transition of wealth" from their parents and grandparents rarely is discussed — at any time of the year. Whether it's a small business, a few stocks and bonds, the family cabin or equity in commercial real estate, children often don't know the best way to handle assets that could be coming from mom and dad.
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Previous columns:
- The Real Estate Adviser: Investment property? Know the P/E ratio, 11-25-2005
- The Real Estate Adviser: For fun or profit? Tips on buying second home, 11-17-2005
- The Real Estate Adviser: Curious timing for talk of home deduction cut, 11-10-2005
- The Real Estate Adviser: Local event part of Aging in Place Week, 11-03-2005
- The Real Estate Adviser: Signs of a housing slowdown? Not here, 10-27-2005
- The Real Estate Adviser: Better keep track of your FICO score, 10-20-2005
- The Real Estate Adviser: Reverse mortgages now offer rate locks, 10-13-2005
- The Real Estate Adviser: Loan locks have interesting history, 10-06-2005