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Saving the Family Cottage: A Guide to Succession Planning for Your Cottage, Cabin, Camp or Vacation Home

door Stuart Hollander

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"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. "--"The definitive book on succession planning shows you how to keep your vacation home in the family for generations to come. Find out how to: allocate control between and within generations of owners figure out which estate planning entity is right for you and your family decide whether to establish an endowment "--… (meer)
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The content of this book really should just be a longish article on the pitfalls of trying to pass a family cabin down through the generations, and solutions to those problems. By excessive redundancy, a large typeface, the use of meaningless diagrams and an extensive bibliography, that article has been turned into something long enough that it can be published as a book.

Cynicism aside about the profit motives, this really does lay out the problems with trying to establish a family cottage once the founding generation has died. Anyone who is, or expects to be, in that situation absolutely, positively should read this...at least Chapters 9 and 10. It's likely to be of little interest to anyone not in those categories. ( )
1 stem TadAD | Jan 2, 2011 |
Little is written about estate planning in regards to "legacy" properties; usually a vacation home or a family farm (with acreage). Huge schisms can occur when a single heir wishes to cash out of their share of this type of property, while other heirs wish to keep it in the family. What usually results is a court-ordered mandate to sell the property, often causing rifts that can permanently damage family relationships. I am certainly not educated in estate law, but it certainly seems there must be a way to prevent both the dissolution of both property and relationships. The author presents ways in which those might be avoided. This is a must read for those people wishing for property AND relationships to remain intact. ( )
  nevusmom | Oct 12, 2008 |
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"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. "--"The definitive book on succession planning shows you how to keep your vacation home in the family for generations to come. Find out how to: allocate control between and within generations of owners figure out which estate planning entity is right for you and your family decide whether to establish an endowment "--

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