Real Estate Cannot be Divided

Unlike other investment assets, real estate cannot be divided. If you own a single investment property and wish to pass it down to your three kids, challenges arise when the kids cannot agree on what to do with the property. This fact alone can lead to family disputes after your passing.

Are all your properties the same?

Even in the instance you have an equal property for your kids, not all properties are the same. Family dynamics, location and personal preferences come into play. So how do you choose who gets which property?

Are All your Kids Alike?

Family disputes can also arise as a result of differences in the recipients of your properties. One child may wish to hold onto the properties and build their wealth, while another may have an immediate need for the money and therefore wish to sell the properties. And others may attach a sentimental value to the properties and wish to hold on to the properties even though it may not meet the financial goals of the family.