Saving the Family Cottage: A Guide to Succession Planning for Your Cottage, Cabin, Camp or Vacation Home (Paperback) | Northshire Bookstore

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

Saving the Family Cottage: A Guide to Succession Planning for Your Cottage, Cabin, Camp or Vacation Home Cover Image
$29.99
Usually Ships in 1-5 Days

Description


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 you're planning to pass on a cottage to your children, or you'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. You'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 generation'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.


Product Details
ISBN: 9781413323498
ISBN-10: 1413323499
Publisher: NOLO
Publication Date: March 27th, 2017
Pages: 232
Language: English
Northshire Manchester Store

Northshire Manchester
4869 Main Street
Manchester Center, VT 05255
ph. 802.362.2200
ph. (toll free) 800.437.3700
Daily 10am-6pm
Directions to Manchester

Northshire Saratoga Store

Northshire Saratoga
424 Broadway
Saratoga Springs, NY 12866
ph. 518.682.4200
ph. (toll free) 855.339.5990
Daily 10am-6pm
Directions to Saratoga Springs