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 Your Cottage, Cabin, Camp or Vacation Home

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by Stuart Hollander
     
 

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Now published by Nolo, Saving the Family Cottage is written in plain English by estate planning and succession attorney-experts Stuart Hollander and David S. Fry, to help you plan to pass on your vacation home and keep it in the family. Complete with real-world examples and stories of cottage "wars" gone awry, this book breaks down the essentials for passing your

Overview

Now published by Nolo, Saving the Family Cottage is written in plain English by estate planning and succession attorney-experts Stuart Hollander and David S. Fry, to help you plan to pass on your vacation home and keep it in the family. Complete with real-world examples and stories of cottage "wars" gone awry, this book breaks down the essentials for passing your cottage to the next generation. Find out how to: -figure out which estate planning entity is right for you and your family -develop a cottage schedule -deal with co-owners who fail to pay their assessments -decide whether to establish an endowment -allocate control between and within generations of owners Although the term "cottage" is used throughout, the practical advice from the authors applies to any property that a family wants to retain. With information for owners, attorneys and financial planners, this guide to succession planning makes a complex problem understandable and offers concrete solutions to what can be a delicate family matter. This edition acknowledged the addition of Attorney David S. Fry as an author of the book and successor to the author's cottage law practice. The updated edition is now published by Nolo and has been revised to include the latest state and federal rules that apply to vacation home owners, including fully up-to-date estate tax information.

Product Details

ISBN-13:
9781413318425
Publisher:
NOLO
Publication date:
03/11/2013
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
240
Sales rank:
169,737
File size:
5 MB

Related Subjects

Meet the Author

The late Stuart Hollander was a lawyer with more than 20 years' experience helping families plan for succession of their vacation cottages

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 cottagelaw.com.

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Saving the Family Cottage: A Guide to Succession Planning for your Cottage, Cabin, Camp or Vacation Home 4.3 out of 5 based on 0 ratings. 3 reviews.
Anonymous More than 1 year ago
Anonymous More than 1 year ago
Guest More than 1 year ago
You were gong to leave the cottage to your children in shares? What a way to end family harmony! This terrific book explains why you should put the cottage in an LLC and set up the arrangements so those children who want to use it will be able to do so harmoniously!