When we think of things that we are going to leave behind when we are gone, leisure may not be one of them. Leaving airline miles and vacation homes to your next of kin are very common occurrences. If you are considering leaving your family vacation home or your airline miles to your next of kin, here are some things to consider.

Can you Leave the Miles Behind?

Airline miles are a very valuable commodity. They can be used to pay for all manner of vacation trips or fun for your loved ones. There may be some pretty serious restrictions on what, if any, of your miles you can leave to your beneficiaries.

Many airlines clearly state that you cannot bequest your miles to anyone. Even if you think your miles are with an airline that does, many of them change the rules; often. Check to make sure that you are able to leave behind your miles when you are creating your estate plan.

If you are able to leave your miles, make sure that your next of kin have your log on information for your account!

Vacation Homes

Leaving behind a beloved vacation spot for your next of kin is something many people wish to do. Before setting it up in your estate plan, remember that you are leaving behind real estate. This can have a high tax cost and probate.

For legal assistance with setting up a will or estate plan, contact Stano Law group today.