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Book

Saving the family cottage : creative ways to preserve your cottage, cabin, camp, or vacation home for future generations

Call Number

  • 346.052 O181 (CEN)

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Edition

7th Edition.

Publication Information

El Segundo, CA : Nolo, 2025.

Physical Description

239 pages : illustrations ; 23 cm

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"--

Notes

Includes index.

Contents

  • Trouble in paradise
  • Avoid the worst : a partition parable
  • Plan for the best : cottage succession goals
  • No plan? Then 600-year old law controls the cottage
  • Other animals in the property law zoo
  • How a plan helps save the family cottage
  • Short-term solutions
  • Choose the right legal entity for your cottage
  • When and how to organize the cottage LLC
  • Welcome to the club
  • Cottage democracy
  • Scheduling and use
  • Renting the cottage
  • The cottage safety valve
  • Minimizing the federal tax bite
  • The ultimate gift : a cottage endowment.

Subjects