Saving the family cottage : creative ways to preserve your cottage, cabin, camp, or vacation home for future generations / Ann O'Connell and Timothy Borchers ; foreword by Deborah Wyatt Fellows.

Format:

Book

Author/Creator:

O'Connell, Ann (Ann Kristin), 1979- author.

Borchers, Timothy, author.

Contributor:

Fellows, Deborah Wyatt, writer of foreword.

Language:

English

Subjects (All):

Estate planning--United States--Popular works.

Estate planning.

Vacation homes--Law and legislation--United States--Popular works.

Vacation homes.

Place of Publication:

MH Sub I. LLC 2025

Summary:

"This book discusses estate planning for family cottages and cabins. It includes advice on how to keep the peace among heirs, prevent a family member from forcing a sale of the property, keep the vacation home out of the hands of in-laws and creditors, and how to make a smooth transition of ownership from one generation to the next. This edition includes an expanded discussion of legal issues that might arise when renting out a family cottage or cabin on a short-term basis. It's also updated to reflect current tax and legal entity laws"-- Provided by publisher.

Contents:

Trouble in paradise

Avoid the worst : a partition parable

Plan for the best : cottage succession goals

How a plan helps save the family cottage

No plan? Then 600-year-old law controls the cottage

Other animals in the property law zoo

Short-term solutions

Choose the right legal entity for your cottage

Welcome to the club

When and how to organize the cottage LLC

The cottage safety valve

Cottage democracy

Scheduling and use

Renting the cottage

Minimizing the federal tax bite

The ultimate gift : a cottage endowment.

Other Edition:

Revision of: 9781413328264. Hollander, Stuart J. 6th edition. Berkeley : Nolo, 2021.

ISBN:

9781413332414