Saving the Family Cottage: A Guide to Succession Planning for

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Saving the Family Cottage: A Guide to Succession Planning for Your Cottage, Cabin, Camp or Vacation Home
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 youâ€™re planning to pass on a cottage to your children, or youâ€™ve inherited a cabin with your siblings, Saving the Family Cottage provides practical, legal solutions for preserving a beloved family property for generations to come. Youâ€™ll 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 generationâ€™s 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.
Country USA
Brand NOLO
Manufacturer NOLO
Binding Paperback
UnitCount 1
EANs 9781413323498
ReleaseDate 0000-00-00

Country	USA
Brand	NOLO
Manufacturer	NOLO
Binding	Paperback
UnitCount	1
EANs	9781413323498
ReleaseDate	0000-00-00

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

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