family cottage estate planning

Land Estate Planning

Family cottage and land estate planning are important when transferring the family cabin or recreational land to the next generation. Owners of a family cottage, cabin, hunting land, or vacation home need to consider a Cottage Trust or Family Limited Liability Company to address the various issues:

  • Our children & grandchildren are all different
  • Multiple owners = disagreements
  • Use(s) of the cottage/ land
  • Payment of taxes & expenses
  • Upkeep of the cottage/land
  • A family member does not want to inherit part of the cottage/land?
  • Creditor issues
  • Divorce issues
  • A family member wants to sell the cottage I land
  • Funding – setting aside money to assist the family to pay for the cottage/land

More on Estate Planning

We also offer seminars on Elder Law and Estate Planning.  Check our events page for upcoming seminars that are usually held in the Top of Troy Building.