Title
Saving the Family Cottage: A Guide to Succession Planning for your Cottage, Cabin, Camp or Vacation Home 2nd Edition,Used
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In Saving the Family Cottage, attorney Stuart Hollander explains why problems arise when a vacation home is passed on to the next generation (unequal wealth distribution among siblings and cousins being the usual culprit) and offers practical suggestions on how to address this problem. Hollander suggests how to incorporate succession planning for a vacation home into an estate plan and gives practical advice on such things as which entity is best for succession planning, how to develop a cottage schedule, what to do about an owner who fails to pay his or her assessment, whether to establish an 'endowment,' and how to allocate control between and within generations of owners.Although Hollander uses the term 'cottage,' the principles of his book apply to any property that a family wants to retain, whether it is an Adirondack camp, an Upper Midwest cabin, a Western ranch, or beach home property on an ocean, lake, or river. Written for the vacation home owner but with information that also will be useful to attorneys and financial planners, the book engages the reader with stories of cottage 'wars' and planning gone awry. Narrative examples and easytofollow graphics illustrate the more technical aspects of succession planning for a vacation home. The book makes a complex problem understandable and offers methods to help keep a second home in the family for generations.The second edition was published to acknowledge the addition of David S. Fry, Esq. as the editor and successor to the author's cottage law practice. Fry brings his years of experience as an attorney and fourth generation cottage owner to the book.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer, birth defects, or other reproductive harm.
For more information, please visit www.P65Warnings.ca.gov.
- Q: What is the main focus of 'Saving the Family Cottage'? A: The book focuses on succession planning for vacation homes, addressing common issues like unequal wealth distribution among family members and providing practical strategies to address these challenges.
- Q: Who is the author of this book? A: The author of 'Saving the Family Cottage' is Stuart J. Hollander, an attorney with expertise in estate planning and cottage law.
- Q: What type of properties does this book apply to? A: Although the title mentions 'cottage,' the principles in the book apply to various types of properties including cabins, vacation homes, and any family-owned property.
- Q: What are some key topics covered in the book? A: Key topics include developing a cottage schedule, managing financial assessments among owners, establishing control within family generations, and estate planning strategies.
- Q: Is this book suitable for professionals? A: Yes, the book is designed for vacation home owners but also provides valuable insights for attorneys and financial planners involved in estate and succession planning.
- Q: How does the second edition differ from the first? A: The second edition includes the contributions of David S. Fry, Esq., who brings additional expertise and experience to the discussions on cottage law.
- Q: What is the condition of the book? A: The book is listed as 'Used Book in Good Condition', indicating it has been pre-owned but is still in acceptable condition for reading.
- Q: How many pages does the book have? A: The book contains a total of 248 pages, providing comprehensive coverage of its subject matter.
- Q: When was this edition of the book published? A: The second edition of 'Saving the Family Cottage' was published on January 15, 2008.
- Q: What can readers expect in terms of format and readability? A: The book includes narrative examples and easy-to-follow graphics, making complex topics understandable and accessible to readers.