Saving The Family Cottage

This book helps families preserve beloved vacation homes for the enjoyment of generations to come. It lets both owners and heirs know the steps they need to take to avoid family disputes over shared property, maximize the potential for enjoyment of the property, and ensure that the property remains a true asset—not a burden—for everyone involved.

Estate planning for family cottages and cabins When family members inherit a vacation home together, problems are often unavoidable, given that the new co-owners may have different financial circumstances or emotional attachments to the family cottage or cabin. But you can head off damaging family squabbles by developing a legal structure (typically an LLC) to take care of the business of ownership. Whether you’re planning to pass on a cottage to your children, or you’ve inherited a cabin with your siblings, Saving the Family Cottage provides practical, legal solutions for preserving a beloved family property for generations to come. You’ll learn how to: keep the peace (and avoid fights) among siblings over jointly-owned property prevent a family member from forcing a sale of the cottage or cabin keep your vacation home out of the hands of in-laws and creditors, and make a smooth transition from one generation’s ownership to the next. The fifth edition is updated to reflect current tax laws, including state property tax laws which affect choice of legal entity. It also includes an expanded discussion of legal issues when renting a family cottage or cabin on Airbnb, VRBO, or similar rental services.

This book will help you keep your cottage in the family. Whether you are the parent planning to pass on the cottage to your children, the heir who now has inherited a property you are sharing with others, or you are thinking about acquiring a vacation property for the benefit of future generations, this book will tell you how to: Prevent a family member from forcing the 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 generations, ownership to the next. Create an endowment that helps your descendants afford to keep the cottage. The author explains the problems inherent in vacation home ownership and offers solutions for families who wish to preserve this valuable asset for generations to come. Book jacket.

A fictional presentation with the goal of explaining estate planning.

The Cottage Rules sets out no-nonsense, easy-to-use guidelines for cottage owners who share ownership with others. It deals with everything from succession to laundry. The rules work to prevent conflicts, so that your relationship with your partners can be either as close or as distant as you desire. This book shows cottage owners how to manage their cottage like a business, which in turn prevents disputes and frees their time and energy so they can use it to enjoy the cottage. With four cornerstones to the system (meetings, bookings, banking, and work weekends), the rules are easy to implement, flexible, and reliable. The Cottage Rules can help owners attain their dream of peaceful cottage ownership.

The little blue cottage waits each year for summer to arrive—and with it, the girl. Through sunny days and stormy weather, the cottage and the girl keep each other company and wile away the long days and nights together. Until one year, and then another, the cottage is left waiting and empty season after season. In this heartfelt story about change, Kelly Jordan’s lilting text and Jessica Courtney-Tickle's lush art captures the essence of cherishing a favorite place.

This book in the Family Fun series shows kids what to do to pass the long summer days at the cottage.