How Families Can Protect Generational Wealth

 

October 26, 2023

Families are extending three generations or more

StatePoint) A home is often the most valuable asset a family can own. It serves as a wealth-generating opportunity for current and future generations as the home's value appreciates over time. Yet, for hundreds of thousands of people who inherited their land and homes from family members, these assets could be at risk.

Many families have experienced problems with properties that have been passed down without a will or estate plan. These properties are referred to as heirs' property. If the deed for a property is in the name of the deceased relative and a will does not exist, it results in a...



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