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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:
Book Description: This book explains a proven method for keeping your cottage in the family for generations and avoiding family fights. Almost anyone who inherits real estate with siblings will want guidance.
Title: Saving the Family Cottage: A Guide to ...
Publisher: Nolo
Publication Date: 2017
Binding: Soft cover
Condition: very_good
Edition: 5th or later Edition