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Saving the Family Cottage: Creative Ways to Preserve Your Cottage, Cabin, Camp, or Vacation Home for Future Generations,Used
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Estate planning for family cottages and cabinsNo matter whether you?re planning to pass on a cottage to your children, or you?ve inherited a cabin with your siblings, it?s never too early to take steps to preserve a beloved family property for generations to come. Shared ownership of vacation propertyespecially when the coowners are family memberscan be fraught with problems. The idyllic dream of a cottage getaway can be shattered when coowners? emotions, financial concerns, and opinions on how the property should be used come into play.Fortunately, a solid plan that dictates how the property will be owned and managed can prevent squabbles over the family cottage. Saving the Family Cottage lays out a roadmap for creating and implementing this plan. It also explains the possible pitfalls of coowing a family vacation property, and provides timetested guidance on how to:keep the peace among heirs prevent a family member from forcing a sale of the property keep your vacation home out of the hands of inlaws and creditors, and smoothly transition ownership of the property from one generation to the next.The sixth edition includes an expanded discussion of legal issues that might arise from renting out a family cottage or cabin on a shortterm basis. It?s also updated to reflect current tax and legal entity laws.
⚠️ 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.