Download or read book Saving the Family Cottage written by Stuart Hollander and published by NOLO. This book was released on 2017-03-27 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Estate Planning for the Family Vacation Home written by and published by . This book was released on 2015 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Saving the Family Cottage written by Stuart J. Hollander and published by Nolo. This book was released on 2021-02-10 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Estate planning for family cottages and cabins No matter whether you’re planning to pass on a cottage to your children, or you’ve inherited a cabin with your siblings, it’s never too early to take steps to preserve a beloved family property for generations to come. Shared ownership of vacation property—especially when the co-owners are family members—can be fraught with problems. The idyllic dream of a cottage getaway can be shattered when co-owners’ emotions, financial concerns, and opinions on how the property should be used come into play. Fortunately, a solid plan that dictates how the property will be owned and managed can prevent squabbles over the family cottage. Saving the Family Cottage lays out a roadmap for creating and implementing this plan. It also explains the possible pitfalls of co-owing a family vacation property, and provides time-tested guidance on how to: keep the peace among heirs prevent a family member from forcing a sale of the property keep your vacation home out of the hands of in-laws and creditors, and smoothly transition ownership of the property from one generation to the next. The sixth edition includes an expanded discussion of legal issues that might arise from renting out a family cottage or cabin on a short-term basis. It’s also updated to reflect current tax and legal entity laws.
Download or read book Saving the Family Cottage written by Ann O'Connell and published by . This book was released on 2025-03-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Saving the Family Cottage written by Stuart J. Hollander and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 generation's ownership to the next, Create an endowment that helps your descendants afford to keep the cottage. Saving the Family Cottage 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.
Download or read book Wealth of Wisdom written by Tom McCullough and published by John Wiley & Sons. This book was released on 2018-12-03 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: A critical resource for families managing significant wealth Wealth of Wisdom offers essential guidance and tools to help high-net-worth families successfully manage significant wealth. By compiling the 50 most common questions surrounding protection and growth, this book provides a compendium of knowledge from experts around the globe and across disciplines. Deep insight and thoughtful answers put an end to uncertainty, and help lay to rest the issues you have been wrestling with for years; by divulging central lessons and explaining practical actions you can take today, this book gives you the critical information you need to make more informed decisions about your financial legacy. Vital charts, graphics, questionnaires, worksheets and other tools help you get organised, develop a strategy and take real control of your family's wealth, while case studies show how other families have handled the very dilemmas you may be facing today. Managing significant wealth is a complex affair, and navigating the financial world at that level involves making decisions that can have major ramifications — these are not decisions to make lightly. This book equips you to take positive action, be proactive and make the tough decisions to protect and grow your family's wealth. Ensure your personal and financial success and legacy Access insight and data from leading experts Adopt the most useful tools and strategies for wealth management Learn how other families have successfully navigated common dilemmas When your family's wealth is at stake, knowledge is critical — and uncertainty can be dangerous. Drawn from interactions with hundreds ofwealthy individuals and families, Wealth of Wisdom provides a definitive resource of practical solutions from the world's best financial minds.
Download or read book Estae Planning in A Nutshell for Married Couples written by Julie A. Calligaro and published by Demery Publishing. This book was released on 2004-05 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: A step-by-step to getting financial and legal affairs in order. Worksheets and forms included.
Download or read book Planning Strategies for Keeping the Vacation Home in the Family written by Wendy S. Goffe and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the proportion of wealth invested in family recreational property increases, issues relating to keeping the property in the family take on a new significance for estate planners. Deep feelings come to the surface when family members are forced to deal with questions about how to share the responsibilities and the benefits of ownership. This article outlines some of the estate planning tools for transferring these properties, followed by a brief discussion of some unusual transfer issues: cabins in British Columbia; and cabins on U.S. public land. Transferring the property is relatively easy, compared to maintaining harmony among its owners following the transfer. The next generation must determine how it will be maintained, how taxes, insurance, and maintenance will be paid for, and how its use will be divided among the family members, to name only a few of the issues that may arise. This article also examines methods of management and organization, which are critical to accomplishing this more daunting task.
Download or read book AARP Crash Course in Estate Planning written by Michael T. Palermo and published by Sterling Publishing Company, Inc.. This book was released on 2008-02 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lawyer and financial planner Michael T. Palermo explains everything you need to know about wills, trusts, and more.
Download or read book Wear Clean Underwear written by Alexis Martin Neely and published by Morgan James Publishing. This book was released on 2008-05-01 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: Now that you are a parent, wearing clean underwear when you leave home simply isn't enough. You've planned birthday parties, playdates and education, but have you adequately planned for what would happen if you were in an accident? What would happen in the first 24 hours while the officials locate your family members and arrange for your children's care? Are your plans sufficient to keep your children in the care of people you know and trust during these critical hours? And what about your money and home? Will your legal documents keep your family together or tear them apart? In an easy-to-read story format, Wear Clean Underwear takes you on a journey to discover in fast, simple-to-understand terms exactly what will happen based on your current plan, and what happens if you don't have a plan. Showing you how to avoid unnecessary taxes and a broken-down court system, the book guides you to transfer your values, love, and support to your children and loved ones with ease.
Download or read book Eight Steps to a Proper Florida Trust and Estate Plan written by Alan S. Gassman and published by . This book was released on 2015-12-16 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Estate Planning Companion A Practical Guide to Your Estate Plan written by Mark Coulter and published by Lulu.com. This book was released on 2009 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taking the complexity of the law of Estate Planning and making it understandable to the rest of us, in The Estate Planning Companion, attorney Mark T. Coulter shows you a method to approach estate planning in order to manage your assets in life and thereafter, while bringing peace of mind to you and your family. Intended to bridge the communication gap between lawyers and their clients, The Estate Planning Companion explains in straightforward language a full range of topics every responsible adult should consider about their life, assets and affairs. Includes Living Trusts, Powers of Attorney, Letters of Instruction, Wills, Trusts, Life Insurance, Living Wills, Long Term Care Insurance, Medicaid nursing home planning, Probate and Asset Inventories for you and your family. Learn why you can't rely on fill-in-the blank forms or internet-only lawyers. Whether you are just starting out, mid-career, or in retirement now, this information will help you make the best planning decisions.
Download or read book Estate Planning Smarts written by Deborah L. Jacobs and published by Djworking Unlimited. This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Designed to raise people?s awareness of the need to plan for themselves and those they love. Whether they are tackling the subject for the first time or revising an existing plan, this book is an essential guide. Includes tax law changes effective in 2010 and how they apply to readers.
Download or read book Estate Planning for the Healthy Wealthy Family written by Stanley Neeleman and published by Simon and Schuster. This book was released on 2004-01-01 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: Filled with real-life case examples, Estate Planning for the Healthy, Wealthy Family combines a positive attitude, deep psychological insight, and “hard” financial know-how for passing on money between family members while keeping relationships and values intact. With competence and empathy, the authors discuss such important moral issues as the role money plays in a happy family; how parents model their children’s values; and ways to build happy families where there is unequal wealth.
Download or read book Saving the Family Cottage written by Stuart Hollander and published by . This book was released on 2017-03-27 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Estate Planning Essentials written by Enodare and published by Enodare Limited. This book was released on 2010-12 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book will help you plan your estate such as wills, trusts, powers of attorney, healthcare directives, probate fee transfers of assets ect ...
Download or read book Protect and Enhance Your Estate Definitive Strategies for Estate and Wealth Planning 3 E written by Robert Esperti and published by McGraw Hill Professional. This book was released on 2012-02-21 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Our #1 choice in estate planning books.” –Ken & Daria Dolan The bestselling guide to securing a sound financial future for you and your loved ones—updated for uncertain times In our time of political, social, and economic upheaval, taking steps to protect your estate isn’t enough to provide peace of mind for you or financial security for your loved ones. Given these new levels of uncertainty, you need to reduce risk by using life insurance and other financial products to fund estate planning. This new, fully updated edition of the estate planning classic helps you take your estate planning to the next level. In addition to all the basics on wills, jointly held property, taxation, and philanthropy, Protect and Enhance Your Estate covers the latest developments regarding: Disability planning Living trusts Asset protection Family limited partnerships Proper use of life and long-term care insurance
