A closer look The Real Estate Legacy Challenge: Keeping Your Home in the Family

Andrew M. Feder

Dec 19, 2018
  • Keeping a family home as a legacy for future generations is a complex undertaking and difficult to do successfully.
  • Managing the relationships between family members, the diverse financial capabilities of individual family members, the inevitable differences of opinion about how to keep and use the home, and the costs of maintaining the property — all of these issues are difficult to accommodate in planning.
  • If you’re hoping to retain your home for future generations, and willing to grapple with the many challenges, a plan that establishes a suitable ownership structure, provides funding to care for the home, and establishes policies and practices that foster family harmony offers the greatest chances for a lasting legacy.

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Feder-Andrew
Principal and Head of Real Estate Advisory
Andrew is responsible for the asset management of real property investments held in trusts and estates and for providing clients with strategic guidance and due diligence assistance in real estate matters.
Guay-Mark
Senior Vice President and Real Estate Asset Manager
Mark is responsible for the oversight of select properties held in trust and provides clients with strategic guidance and due diligence assistance on various real estate matters.