Saving the family cottage
Subtitle: a guide to succession planning for your cottage, cabin, camp or vacation home
By: Stuart Hollander, David Fry, Rose Hollander
Contributors: Fry, David S.; Hollander, Rose, 1957-
Edition: 4th edition.
Publisher: Nolo; NOLO
Published: 2013
Place of publication: Berkeley, CA
Language: eng
Number of pages: 219
ISBN-13: 9781413318418; 9781413318425
Subjects: BUSINESS & ECONOMICS / Real Estate; Estate planning; BUSINESS & ECONOMICS / Personal Finance / Taxation; Vacation homes; LAW / Real Estate; Law and legislation; Popular works
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 "--
Notes: Includes bibliographical references (p. 196-203) and index.
Table of contents: title: Machine generated contents note: Your Cottage CompanionPart I: Cottages at Risk1. Trouble in Paradise2. Avoid the Worst: A Partition Parable3. Plan for the Best: Cottage Succession Goals4. How a Plan Helps Save the Family Cottage5. No Plan? Then 600-Year-Old Law Controls the Cottage6. Other Animals in the Property Law Zoo7. Short-Term SolutionsPart III: Cottage Plans in Action8. Choose the Right Legal Entity for Your Cottage9. Welcome to the Club10. When and How to Organize the Cottage LLC11. The Cottage Safety Valve12. Cottage Democracy13. Scheduling and Use14. Renting the CottagePart IV: Creating a Cottage Legacy15. Minimizing the Federal Tax Bite16. The Ultimate Gift: A Cottage EndowmentG. GlossaryB. Bibliograph A. Appendix: Table of Contents Cottage; title: Limited Liability Company Operating AgreementIndex.