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

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Nolo, Apr 22, 2009 - Business & Economics - 240 pages
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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 3rd 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.
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    Contents

    Your Cottage Companion
    1
    Cottages at Risk
    5
    Choosing the Right Path
    33
    Cottage Plans in Action
    75
    Creating a Cottage Legacy
    161
    Glossary
    189
    Bibliography
    195
    Table of Contents Cottage Limited Liability Company Operating Agreement
    205
    Index
    209
    Related Products
    221
    Copyright

    Common terms and phrases

    Bibliographic information