A cherished beach house, lakeside cottage, mountain retreat, ranch, or other vacation property can foster deep emotional ties for families, creating unique opportunities and challenges over multiple generations. For some families, they can be touchstones for the extended family to gather and serve to define family identity. For families with operating businesses, shared investments, complex trusts, and other shared assets, such properties can be a gathering place for cousins to get to know one another and build relationships. Along with fostering family connections, shared real estate can also create conflicts and stumbling blocks for families when ownership passes to succeeding generations. This webinar explores some cautionary tales and best practices for managing and passing on these unique assets so the property remains cherished for years to come.