Saving the Family Cottage: A Guide to Succession Planning for Your Cottage, Cabin, Camp or Vacation Home
$6.39
Description
Book Synopsis: Estate planning for family cottages and cabins
When family members inherit a vacation home together, problems are often unavoidable, given that the new co-owners may have different financial circumstances or emotional attachments to the family cottage or cabin.
But you can head off damaging family squabbles by developing a legal structure (typically an LLC) to take care of the business of ownership. Whether you’re planning to pass on a cottage to your children, or you’ve inherited a cabin with your siblings, Saving the Family Cottage provides practical, legal solutions for preserving a beloved family property for generations to come.
You’ll learn how to:
- keep the peace (and avoid fights) among siblings over jointly-owned property
- prevent a family member from forcing a sale of the cottage or cabin
- keep your vacation home out of the hands of in-laws and creditors, and
- make a smooth transition from one generation’s ownership to the next.
The fifth edition is updated to reflect 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.
Details
Are you worried about the future of your family cottage or cabin? Tired of the constant battles over ownership and disagreements among family members? Look no further than the comprehensive guide that is "Saving the Family Cottage: A Guide to Succession Planning for Your Cottage, Cabin, Camp or Vacation Home." This invaluable resource is packed with practical and legal solutions to help you preserve your beloved family property for generations to come.
With "Saving the Family Cottage," you can finally put an end to the squabbles and tension that arise when multiple family members inherit a vacation home. By implementing a legal structure, such as an LLC, you can effectively manage the business of ownership and avoid any damaging disputes. You'll discover how to keep the peace among siblings, prevent forced sales, and protect your property from unwanted hands, be it in-laws or creditors.
Not only does "Saving the Family Cottage" cover the essential aspects of succession planning, but it also takes into account the latest tax laws that may impact your decision-making process. With updates on state property tax laws and an expanded discussion on the legalities of renting through popular platforms like Airbnb and VRBO, this fifth edition ensures you have all the necessary information at your fingertips.
Why risk the future of your family's cherished retreat when you can take control with "Saving the Family Cottage"? Don't let disagreements tear your family apart; instead, create a smooth and seamless transition from one generation to the next. Get your copy of this indispensable guide now and secure the legacy of your family cottage or cabin for years to come.
Take action and invest in "Saving the Family Cottage: A Guide to Succession Planning for Your Cottage, Cabin, Camp or Vacation Home" today!
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