Saving the family cottage

By Stuart J. Hollander

Subjects: Law and legislation, Vacation homes, Estate planning, united states, BUSINESS & ECONOMICS / Personal Finance / Taxation, Second homes, BUSINESS & ECONOMICS / Real Estate, Popular works, Law, united states, Dwellings, united states, LAW / Real Estate, Estate planning

Description: "Whether you're a parent planning to pass on a cottage to your children, someone who has inherited a cabin with your siblings or other relatives, or someone who is thinking about buying a vacation home, you want to know how to keep the property in the family--and avoid squabbles over it. This book tells you how. You'll find out how to:. Prevent a family member from forcing a sale of the cottage. Keep your cottage out of the hands of in-laws and creditors. Develop a legal structure to take care of the business of ownership, freeing you and your family to enjoy your precious time at the cottage. Make a smooth transition from one generation's ownership to the next. Saving the Family Cottage explains the problems that almost always pop up when family members with different interests and financial situations inherit a vacation home together. And it offers solutions for families who want to preserve this valuable asset for generations to come. "-- "The definitive book on succession planning shows you how to keep your vacation home in the family for generations to come. Find out how to: allocate control between and within generations of owners figure out which estate planning entity is right for you and your family decide whether to establish an endowment "--