In this episode of Live, Plan, Invest, Senior Wealth Advisor and Co-Founder, Kevin Kern, welcomes estate planning attorney Joe Donohue for a deep dive into the challenges and opportunities of passing down a family vacation home. Through the true story of the Murphy family’s beloved lake house, they explore what can go wrong when property is left jointly to multiple heirs, and how to make it right with planning tools like LLCs, trusts, and clearly documented governance. Learn how to preserve cherished memories without creating legal headaches, emotional rifts, or financial burdens for the next generation.
🔗 Referenced Documents from the Episode:
Murphy Family Cottage Case Study Blog (PDF)
Vacation Home Planning Comparison Chart (PDF)
Murphy Family Cabin LLC Term Sheet (PDF)
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