Saving the Family Cottage: Creative Ways to Preserve Your Cottage, Cabin, Camp, or Vacation Home for Future Generations - Ann O'connell

Descriere Saving the Family Cottage: Creative Ways to Preserve Your Cottage, Cabin, Camp, or Vacation Home for Future Generations - Ann O'connell

\nEstate planning for family cottages and cabins\n \n \nIt's never too early to take steps to preserve a beloved family property for generations to come. Shared ownership of vacation property--especially when the co-owners are family members--can be fraught with problems. The idyllic dream of a cottage getaway can be shattered when co-owners' emotions, financial concerns, and opinions on how the property should be used come into play.\n \n \nFortunately, a solid plan that dictates how the property will be owned and managed can prevent squabbles over the family cottage. This book lays out a roadmap for creating and implementing this plan. It also explains how to identify properties that qualify as heirlooms worthy of a succession plan, and provides time-tested guidance on how to: \n \n \n \n- keep the peace among heirs \n \n- prevent a family member from forcing a sale of the property \n \n- keep your vacation home out of the hands of in-laws and creditors, and \n \n- smoothly transition ownership of the property from one generation to the next. \n \n\n \n \nThe seventh edition expands on buy-out options for heirs, how to transfer the property to later branches of the family, and when it might be appropriate to form a nonprofit association to hold the property.\n

Detalii

Brand

Nolo

Categorie

ENSTK

EAN / GTIN

9781413332407

Magazine

1

Disponibilitate

in stock