Title:
Saving the family cottage : creative ways to preserve your cottage, cabin, camp or vacation home for future generations
Author:
Hollander, Stuart J., author.
ISBN:
9781413328264
Personal Author:
Edition:
6th edition.
Physical Description:
221 pages ; 23 cm
General Note:
Includes index.
"Form a cottage LLC to avoid family disputes"--Cover.
Contents:
Trouble in paradise -- Avoid the worst : a partition parable -- Plan for the best : cottage succession goals -- How a plan helps save the family cottage -- No plan? Then 600-year-old law controls the cottage -- Other animals in the property law zoo -- Short-term solutions -- Choose the right legal entity for your cottage -- Welcome to the club -- When and how to organize the cottage LLC -- The cottage safety valve -- Cottage democracy -- Scheduling and use -- Renting the cottage -- Minimizing the federal tax bite -- The ultimate gift : a cottage endowment.
Abstract:
"This book discusses estate planning for family cottages and cabins. It includes advice on how to avoid disagreements among siblings over jointly-owned property, prevent a family member from forcing a sale of the cottage or cabin, keep the vacation home out of the hands of in-laws and creditors, and make a smooth transition from one generation's ownership to the next. This edition reflects 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"-- Provided by publisher.
Genre:
