Saving the Family Cottage: A Guide to Succession Planning for Your Cottage, Cabin, Camp or Vacation Home

By | October 30, 2017
Saving the Family Cottage: A Guide to Succession Planning for Your Cottage, Cabin, Camp or Vacation Home Author Stuart Hollander Attorney
ISBN-10 1413323499
ISBN-13 9781413323498
Year 2017-03-27
Pages 232
Language English
Publisher NOLO
Download Link Click Here


Estate planning for family cottages and cabins When family members inherit a vacation home together problems are often unavoidable given that the new co owners may have different financial circumstances or emotional attachments to the family cottage or cabin But you can head off damaging family squabbles by developing a legal structure typically an LLC to take care of the business of ownership Whether youre planning to pass on a cottage to your children or youve inherited a cabin with your siblings Saving the Family Cottage provides practical legal solutions for preserving a beloved family property for generations to come Youll learn how to keep the peace and avoid fights among siblings over jointly owned property prevent a family member from forcing a sale of the cottage or cabin keep your vacation home out of the hands of in laws and creditors and make a smooth transition from one generations ownership to the next The fifth edition is updated to reflect current tax laws including state property tax laws which affect choice of legal entity It also includes an expanded discussion of legal issues when renting a family cottage or cabin on Airbnb VRBO or similar rental services

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