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

Stuart Hollander; David Fry; Rose Hollander

Softcover

ISBN 10: 1413310346 ISBN 13: 9781413310344

Publisher: NOLO, 2009

Synopsis

Keep your vacation home in the family with the definitive guide to succession planning.

Now published by Nolo, Saving the Family Cottage is written in plain English by estate planning and succession attorney-experts Stuart Hollander and David S. Fry, to help you plan to pass on your vacation home and keep it in the family. Complete with real-world examples and stories of cottage "wars" gone awry, this book breaks down the essentials for passing your cottage to the next generation.

Find out how to:

figure out which estate planning entity is right for you and your family

develop a cottage schedule

deal with co-owners who fail to pay their assessments

decide whether to establish an endowment

allocate control between and within generations of owners

Although the term "cottage" is used throughout, the practical advice from the authors applies to any property that a family wants to retain. With information for owners, attorneys and financial planners, this guide to succession planning makes a complex problem understandable and offers concrete solutions to what can be a delicate family matter.

The 2nd edition acknowledged the addition of Attorney David S. Fry as an author of the book and successor to the author's cottage law practice. The updated 3rd edition is now published by Nolo and has been revised to include the latest state and federal rules that apply to vacation home owners, including fully up-to-date estate tax information.

About this title

From the Publisher

The first attorney authored book written for the vacation home owner describes the problems inherent to shared cottage ownership and the concerns of parents who wish to pass it on.

About the Author

Rose Hollander has spent more than 19 years working and living in the heart of Michigan cottage country. She was the legal assistant/paralegal in a law practice with her husband, Stuart Hollander, whose practice centered on estate planning to help families concerned about passing on vacation homes. Rose met with families, helped draft documents, and helped families administer the estate after a death.

Rose graduated from Ithaca College. Before working as a legal assistant, she worked as a personnel representative for the Stanford Court Hotel and then as the assistant to the General Manager of the Four Seasons Clift Hotel in San Francisco. She then owned a catering business in Northern Michigan.

Rose is a Great Books leader and chairman of the board of a large Montessori school, and is active on stage in community theater. She has published several essays about life "up north" and parenting.

Edition details

• Publisher: NOLO
• Publication date: 2009
• ISBN 10: 1413310346
• ISBN 13: 9781413310344
• Binding: Paperback
• Language: English
• Edition number: 3
• Number of pages: 240