eBook: Download Saving Family Cottage Succession Planning ePub (MOBI, PDF) + Audio Version


  • File Size: 5668 KB
  • Print Length: 234 pages
  • Publisher: NOLO; 5 edition (March 7, 2017)
  • Publication Date: March 7, 2017
  • Language: English

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Family conflicts have derailed many an idyllic vacation and recreational property. Hollander writes a very readable treatise explaining why you aren't just own your family new with your siblings without guidelines for conduct, scheduling, and a number of other banal yet crucial and potentially catastrophic considerations that many families ignore at their peril. Tenants in keeping, Cartouche, LLCs are all analyzed in a way that makes reading about your vacation home easy, but still seriously pertinent., As executrix and trustee of my father's estate, I wished he or she had read this publication if he purchased our family vacation home. It provides a solution for not only keeping property in he family but making sure peace in the family. Title to our vacation home is now held solely in my name and as this book emphasizes, an LLC would have averted conflict with my brothers and sisters. Fortunately, after reading this book I understand how to proceed going forward. I highly recommend this guide to the entire family., We now have a family of 6 siblings who anticipate dealing with this situation in the next few years. Our biggest issue is there are siblings who are considering keeping and some who aren't. This guide poses very important inquiries to consider that are financial when some can't afford to maintain on, but want to. Or financial splitting of maintenance costs. Or, what happens with ownership in successive generations.... Many options of titling future legal ownership. Great reference publication!!!!!!!!!!!!!!!!!!!!!!!!!!! All of us siblings purchased this to see so that we would be more prepared. Try to get the owners (ex. parent(s)) to read this too, or at least share valuable info with them that you will get from this book., We think this was a well written book but apparent it applies to wealthy owners of high value property, Very informative, a must for planning the future., Great book! Incredibly pertinent to our communally owned cottage situation and where we go from here!, As an attorney, We can confirm the problem that motivated Mr. Hollander to write this publication. Many families are hesitant to deal directly with the ways succession can go wrong when it comes to vacation-type property. And make a mistake, they can when a family new passes without a will or with a well-intentioned, but counterproductive "equal share" distribion plan. Using easy to understand case studies, Mr. Hollander explains how even the best intentions can go horribly wrong.

His preferred device, the Limited Liability Company is a great solution that will attain the needs on most families. Ultimately, however, "Don't try this at home. inch You will still want to seek the help of advice, unless you are looking at an easy situation (or you invariably is an attorney). However, this book will help you think through your ideas for succession and discuss them intelligently with co-owners. Of which, subsequently, will let you make cost-efficient use of your attorney's some reduce the fees necessary to save your cottage, or cottage, or condo, or boat, or you-name-it. Good fortune., Great ideas in this book. I am an attorney and handle the transfer of many family cabins and this book educated me a lot. Nicely worth the price and highly recommended!

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Saving Family Cottage Succession Planning
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