Second Home Savvy

The tax “reform” enacted in Dec. 2017 will affect your ability to deduct mortgage interest going forward, in two ways: 1. Most of us will no longer be able to deduct home equity line [...]

Small and basic vacation homes can be better than big and elaborate ones. They’re easy to open in spring and close in fall, clean, pack up, and care for. If you are a second home owner, you [...]

If you’re like most owners of a vacation home, you view that property as a treasure — a family heirloom to be passed from one generation to the next. That may be your intent;  but without [...]

Most financial assets are easily distributed to heirs upon death. Stocks, bonds, cash, and IRAs can all be divided into equal units — allowing each heir to decide what he/she wants to do [...]

The vacation home…It evokes the picturesque cottage by the water or in the mountains.   The home may be the Kennedy compound, Shrek’s humble “Swamp,” or something in between. But when [...]

Most business owners recognize the importance of a well thought out and implemented business succession plan. Sadly, recognizing the importance of a succession plan and actually developing and [...]

In the 1960’s, the Smothers Brothers comedy duo famously complained that “Mom always liked you best.” That was over fifty years ago when the traditional family structure of a once-married husband [...]

Few assets can bring a family together like a second home.  Whether it is beachfront property on Cape Cod or a house on Lake Winnipesaukee, the second home is a source of tremendous joy for many [...]