Saving the Family Cottage: A Guide to Succession Planning for Your Cottage, Cabin, Camp or Vacation Home: Saving the Family Cottage: A Guide to Succession Planning for
Autor Stuart Hollander, David Fry, Rose Hollanderen Limba Engleză Paperback – 28 mar 2013
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.
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Specificații
ISBN-13: 9781413318418
ISBN-10: 141331841X
Pagini: 219
Dimensiuni: 152 x 229 x 13 mm
Greutate: 0.32 kg
Ediția:Fourth Edition
Editura: NOLO
Seria Saving the Family Cottage: A Guide to Succession Planning for
ISBN-10: 141331841X
Pagini: 219
Dimensiuni: 152 x 229 x 13 mm
Greutate: 0.32 kg
Ediția:Fourth Edition
Editura: NOLO
Seria Saving the Family Cottage: A Guide to Succession Planning for
Cuprins
Your Cottage Companion
Part I: Cottages at Risk
1. Trouble in Paradise
2. Avoid the Worst: A Partition Parable
3. Plan for the Best: Cottage Succession Goals
4. How a Plan Helps Save the Family Cottage
5. No Plan? Then 600-Year-Old Law Controls the Cottage
6. Other Animals in the Property Law Zoo
7. Short-Term Solutions
Part III: Cottage Plans in Action
8. Choose the Right Legal Entity for Your Cottage
9. Welcome to the Club
10. When and How to Organize the Cottage LLC
11. The Cottage Safety Valve
12. Cottage Democracy
13. Scheduling and Use
14. Renting the Cottage
Part IV: Creating a Cottage Legacy
15. Minimizing the Federal Tax Bite
16. The Ultimate Gift: A Cottage Endowment
G. Glossary
B. Bibliograph
A. Appendix: Table of Contents Cottage
Limited Liability Company Operating Agreement
Limited Liability Company Operating Agreement
Index
Notă biografică
David S. Fry is a Michigan attorney whose practice also focuses on real estate and estate planning, particularly succession planning for second homes. He is a fourth-generation cottage owner and regularly presents seminars around Michigan on how to keep a cottage in the family.
Rose Hollander has spent more than 19 years working and living in the heart of Michigan cottage country. She was the legal assistant/paralegal in a law practice with her husband, Stuart Hollander, whose practice centered on estate planning to help families concerned about passing on vacation homes. Rose met with families, helped draft documents, and helped families administer the estate after a death.Rose graduated from Ithaca College. Before working as a legal assistant, she worked as a personnel representative for the Stanford Court Hotel and then as the assistant to the General Manager of the Four Seasons Clift Hotel in San Francisco. She then owned a catering business in Northern Michigan.Rose is a Great Books leader and chairman of the board of a large Montessori school, and is active on stage in community theater. She has published several essays about life "up north" and parenting.You can visit her website at http://www.cottagelaw.com.
The late Stuart Hollander was a lawyer with more than 20 years' experience helping families plan for succession of their vacation cottages.
Rose Hollander has spent more than 19 years working and living in the heart of Michigan cottage country. She was the legal assistant/paralegal in a law practice with her husband, Stuart Hollander, whose practice centered on estate planning to help families concerned about passing on vacation homes. Rose met with families, helped draft documents, and helped families administer the estate after a death.Rose graduated from Ithaca College. Before working as a legal assistant, she worked as a personnel representative for the Stanford Court Hotel and then as the assistant to the General Manager of the Four Seasons Clift Hotel in San Francisco. She then owned a catering business in Northern Michigan.Rose is a Great Books leader and chairman of the board of a large Montessori school, and is active on stage in community theater. She has published several essays about life "up north" and parenting.You can visit her website at http://www.cottagelaw.com.
The late Stuart Hollander was a lawyer with more than 20 years' experience helping families plan for succession of their vacation cottages.
Descriere
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.