Tax Planning for Vacation Homes
This program will cover the range of practical tax, estate planning and easement issues that surround owning, operating and transferring a vacation home or other distinctive family-owned property. The integration of income tax planning with estate and trust planning will be discussed, including what happens when well-laid plans must be unwound when the property is sold due to economic distress. The program will discuss practical techniques for keeping the property in the family for multiple generations while minimizing intra-family conflict over usage and financial issues. Also, the program will cover the use of conservation easements to protect distinctive family property, including distinctive farm or ranchland.
- Income tax and estate planning for family vacation homes and family properties
- Tax rules involved with renting out the vacation home or property
- Techniques for keeping the property in the family & children from fighting over it
- Conservation easements and protecting unique or distinctive family properties
- Issues arising when the property must be sold due to economic distress
Daniel L. Daniels is a principal in the Stamford office of Wiggin and Dana, LLP, where his practice focuses on representing business owners, corporate executives and other wealthy individuals and their families. A Fellow of the American College of Trust and Estate Counsel, he is listed in The Best Lawyers in America, and has been named by Worth magazine as one of the Top 100 Lawyers in the United States representing affluent individuals. Mr. Daniels is co-author of a monthly column in Trusts and Estates magazine. He has written numerous other articles on estate and tax planning and lectures on estate and tax planning topics throughout the United States. He received his A.B., summa cum laude, from Dartmouth College and received his J.D., with honors, from Harvard Law School.
David T. Leibell is a partner in the Stamford, Connecticut office of Wiggin and Dana, LLP, practicing in the Trust and Estates Department. He previously worked in the financial services industry, specializing in the financial aspects of estate planning. Mr. Leibell is a frequent lecturer before fiduciary audiences throughout the United States, and has authored many articles on charitable, estate and tax planning. With Daniel Daniels, he is co-author of a monthly column in Trusts & Estates magazine. He also authors a column for Registered Representative Magazine. Mr. Leibell has been listed in The Best Lawyers in America. Mr. Leibell received his B.A. from Trinity College and his J.D. from Fordham Law School.
