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 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 Bargaining with the Devil written by Robert Mnookin and published by Simon and Schuster. This book was released on 2010-02-09 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: The art of negotiation—from one of the country’s most eminent practitioners and the Chair of the Harvard Law School’s Program on Negotiation. One of the country’s most eminent practitioners of the art and science of negotiation offers practical advice for the most challenging conflicts—when you are facing an adversary you don’t trust, who may harm you, or who you may even feel is evil. This lively, informative, emotionally compelling book identifies the tools one needs to make wise decisions about life’s most challenging conflicts.
Download or read book Young House Love written by Sherry Petersik and published by Artisan. This book was released on 2015-07-14 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: This New York Times bestselling book is filled with hundreds of fun, deceptively simple, budget-friendly ideas for sprucing up your home. With two home renovations under their (tool) belts and millions of hits per month on their blog YoungHouseLove.com, Sherry and John Petersik are home-improvement enthusiasts primed to pass on a slew of projects, tricks, and techniques to do-it-yourselfers of all levels. Packed with 243 tips and ideas—both classic and unexpected—and more than 400 photographs and illustrations, this is a book that readers will return to again and again for the creative projects and easy-to-follow instructions in the relatable voice the Petersiks are known for. Learn to trick out a thrift-store mirror, spice up plain old roller shades, "hack" your Ikea table to create three distinct looks, and so much more.
Download or read book HOW TO PLAN A FAMILY FRIENDLY VACATION written by James Robert and published by XinXii. This book was released on 2023-12-22 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Elevate your family travel experiences with our comprehensive ebook, 'The Ultimate Guide to Planning Family-Friendly Vacations.' This expertly crafted resource is your go-to companion for creating unforgettable moments while ensuring a stress-free and enjoyable getaway for every family member. From selecting the perfect destinations and accommodations to organizing age-appropriate activities and managing a realistic budget, this guide covers it all. Packed with practical tips, insightful advice, and customizable planning templates, embark on a journey of seamless vacation planning that caters to the diverse needs and interests of your entire family. Dive into the world of family-friendly travel with confidence, armed with the tools and strategies needed to design vacations that leave lasting smiles on every face."
Download or read book Complete Family Wealth written by James E. Hughes, Jr. and published by John Wiley & Sons. This book was released on 2022-01-12 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: A primer for families of high net worth on how to manage their qualitative and financial wealth for generations The second edition of this foundational work, Complete Family Wealth: Wealth as Well-Being provides proven tools and best practices for families of means to use in maturing, maintaining, and managing personal and legacy wealth long into the future. The book is divided into three parts: the "what"—what is meant by family, wealth, and enterprise; the "who"—the persons crucial to family enterprise flourishing; and the "how"—specific practices families can use to enhance and grow family wealth. The second edition of this work places the health and well-being of the individual members of the family unit at the forefront of every aspect detailed within the book. A natural product of this focus is an increased awareness of the social complexities of wealth that have come to the fore in recent years, and the team of expert authors here address the responsibility of private wealth to the public good. In addition, Complete Family Wealth's second edition provides readers with: A new chapter on "the big reveal," suggesting ways to encourage positive, life-affirming reception of the revelation of present or future wealth An additional chapter on preserving the beloved family vacation home Two new appendices: "Fiduciary Course Curriculum," dedicated to enhancing the education of trustees and beneficiaries; and "Key Practices for Families During Challenging Times," a response to the pandemic but relevant to all trying periods for families Examples that make these practices accessible to a broad audience across the wealth spectrum. Having shaped the language used by families and their advisors with the first edition, Complete Family Wealth's second edition is essential reading for families of high net worth and their financial advisors. It will also be of interest to family offices, fund managers, as well as private investors.
Download or read book ALI ABA Estate Planning Course Materials Journal written by and published by . This book was released on 2000 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Buying a Second Home written by Craig Venezia and published by . This book was released on 2014-06-16 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: Second-home hunting has never been easier with everything you need to find and buy the right place at the best price! You don't have to be rich to buy a second home -- but you do need to be reasonable. Buying a Second Home delivers the goods, showing you how to make the purchase of your second home a success! This third edition is a comprehensive update that reflects the realities of buying a second home in today's market, including dealing with stricter mortgage criteria, identifying an affordable price range, choosing a great location, minimizing taxes and more. Explore topics you won't find in other home-buying books, including: -finding your dream house -how to negotiate a bargain -whether fixer-uppers are worth it -how to save for down payments -finding an affordable mortgage -renting out your second home -buying a second home as an investment This all-in-one guide includes handy checklists and custom worksheets that help you make sense of the entire process, from buying to ownership.Get the step-by-step information you need to be smart about your investment with Buying a Second Home
Download or read book Who Will Care for You in Your Time of Need Formulating a Smart Family Plan to Age In Place written by John Hemphill and published by Xlibris Corporation. This book was released on 2016-08-13 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Who Will Care for You in Your Time of Need . . . Formulating a Smart Family Plan to Age-in-Place: The Reckoning Whether youre nearing retirement or have decades before you enter retirement, you will be confronted with four inevitable lifestyle crises: 1) How will you manage your own care when your independence is in question? 2) Will you have the resources and assistance to help manage your care? 3) Will you have one or more chronic health conditions/disabilities that will jeopardize your future independence? 4) In addition to your care, will you be responsible for the care of an aging parent, family relative, or friend? This book aims to direct people of all ages to start thinking early about your future life by developing and formulating a smart family plan to live healthy and stay in your own home (aging-in-place). The goal is simple. Formulate early a smart aging-in-place plan for a future lifestyle of health, senior independence, and a safeguarded quality of life.
Download or read book The Complete Guide to Buying and Owning a Recreational Property in Canada written by Douglas Gray and published by John Wiley & Sons. This book was released on 2009-06-11 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prime vacation property throughout Canada has doubled in value within the past five years. For the potential buyer of a vacation property, the cost of entry can be stiff. There is a high demand for many to own a vacation home or idyllic retreat for pleasure and lifestyle enjoyment, future retirement, rental revenue, or investment profit. But buying a recreational property can be a potential minefield for many reasons, as there can be complex tax, legal, estate planning, and investment issues to consider. When investing hundreds of thousands of dollars in a recreational property you will need to do your due diligence and seek solid advice. The Complete Guide to Buying and Owning Recreational Property in Canada, written by Canada's leading authority on matters related to real estate, offers valuable insights and tips, and will prove a trustworthy resource for many years to come. Topic areas include: Buying the right property, for the right reasons, in the right location How to set a purchase and financing strategy and how to negotiate your best deal How to exercise caution when buying with family or friends-and how to keep peace in the family when sharing use or ownership Getting the help of professionals, such as a tax accountant, lawyer, home inspector, mortgage broker, insurance broker, and realtor. Obtaining tax and estate planning strategic advice to save tax on transfer, sale or bequeathing of the property, or inheriting a property What you need to know if you are buying recreational property as an investment. Money saving tips when renting your property yourself or using professional rental management Special cautions if buying a vacation home or cottage outside of Canada Creative ways of using your vacation home or cottage for exchange or barter Key strategies to follow and classic pitfalls to avoid And much, much more! Plus Sources of Further Information, Key Websites, Checklists, Glossary, and Index.
Download or read book Plan Your Own Estate written by Deirdre R. Wheatley-Liss and published by Apress. This book was released on 2014-03-01 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Plan Your Own Estate: Passing on Your Assets and Your Values Legally and Efficiently takes a straightforward and engaging “you”-oriented approach to dealing with one of life’s certainties--death. While you "can’t take it with you," this book empowers you to decide how your assets can best help your family when you are gone. Experienced attorney Deirdre R. Wheatley-Liss concentrates into this book the experience she's had helping hundreds of families work through their estate plans. Whether you have modest or extensive assets, Plan Your Own Estate provides the knowledge you need to design your plan and the tools you need to move forward. The starting place is your goals. Part 1 of the book asks, "What do you want to accomplish for yourself and your family?" The next step depends on you. Are you looking to educate yourself about how a will or trust is structured, or how tax law works? Part 2, Resource Guides, breaks down tough topics like these and delivers actionable information. Have questions about what your estate plan should say? Part 3, Planning Guides, goes through an attorney’s analysis in considering the most frequently asked estate planning questions. Thinking about creating your own estate plan, or hiring an attorney? Part 4, Action Guides, helps you start your estate plan and make sure it’s complete, or review any plan you may already have in place. Nobody likes talking about death, taxes, or disability--but not thinking about them will not make them go away. Plan Your Own Estate will help you make a plan, put it in place, and take control of how your money and your values are being passed to your family. This book includes: Comprehensive “plain English” coverage of every aspect of planning your estate Methods to protect your loved ones' inheritance from taxes, immaturity, lack of financial knowledge, incapacity, creditors, and predators Planning guides for families with children, singles, second marriages, business owners, unmarried or same-sex couples, and more Up-to-date information regarding changing laws and best practices
Download or read book The 7 Habits of Highly Effective Families written by Stephen R. Covey and published by Macmillan. This book was released on 1998-09-15 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt: Creating and sustaining a strong family culture.
Download or read book Elder Law Portfolio written by Harry S. Margolis and published by Wolters Kluwer. This book was released on 1995-12-31 with total page 3766 pages. Available in PDF, EPUB and Kindle. Book excerpt: In-depth, timely, and practical coverage of key issues in elder law practice. Written by outstanding elder law experts, this unique publication is the first place to look for detailed answers to pressing questions concerning Medicaid, long-term care planning, healthcare issues, trusts, powers, and guardianship -- every facet of today's elder law practice. Each portfolio has distinctive title and author. The series includes 28 portfolios to date.
Download or read book Grown and Flown written by Lisa Heffernan and published by Flatiron Books. This book was released on 2019-09-03 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: PARENTING NEVER ENDS. From the founders of the #1 site for parents of teens and young adults comes an essential guide for building strong relationships with your teens and preparing them to successfully launch into adulthood The high school and college years: an extended roller coaster of academics, friends, first loves, first break-ups, driver’s ed, jobs, and everything in between. Kids are constantly changing and how we parent them must change, too. But how do we stay close as a family as our lives move apart? Enter the co-founders of Grown and Flown, Lisa Heffernan and Mary Dell Harrington. In the midst of guiding their own kids through this transition, they launched what has become the largest website and online community for parents of fifteen to twenty-five year olds. Now they’ve compiled new takeaways and fresh insights from all that they’ve learned into this handy, must-have guide. Grown and Flown is a one-stop resource for parenting teenagers, leading up to—and through—high school and those first years of independence. It covers everything from the monumental (how to let your kids go) to the mundane (how to shop for a dorm room). Organized by topic—such as academics, anxiety and mental health, college life—it features a combination of stories, advice from professionals, and practical sidebars. Consider this your parenting lifeline: an easy-to-use manual that offers support and perspective. Grown and Flown is required reading for anyone looking to raise an adult with whom you have an enduring, profound connection.
Download or read book Safeguarding the Nest 2nd Edition PB written by Brenda Geiger and published by Lulu.com. This book was released on 2012-02-21 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: Safeguarding the Nest" is an easy-to-use guide that you'll want to read again and again for information on how to properly and legally protect those most precious in your life.
Download or read book The Gentle Art of Swedish Death Cleaning written by Margareta Magnusson and published by Simon and Schuster. This book was released on 2018-01-02 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: *The basis for the wonderfully funny and moving TV series developed by Amy Poehler and Scout Productions* A charming, practical, and unsentimental approach to putting a home in order while reflecting on the tiny joys that make up a long life. In Sweden there is a kind of decluttering called döstädning, dö meaning “death” and städning meaning “cleaning.” This surprising and invigorating process of clearing out unnecessary belongings can be undertaken at any age or life stage but should be done sooner than later, before others have to do it for you. In The Gentle Art of Swedish Death Cleaning, artist Margareta Magnusson, with Scandinavian humor and wisdom, instructs readers to embrace minimalism. Her radical and joyous method for putting things in order helps families broach sensitive conversations, and makes the process uplifting rather than overwhelming. Margareta suggests which possessions you can easily get rid of (unworn clothes, unwanted presents, more plates than you’d ever use) and which you might want to keep (photographs, love letters, a few of your children’s art projects). Digging into her late husband’s tool shed, and her own secret drawer of vices, Margareta introduces an element of fun to a potentially daunting task. Along the way readers get a glimpse into her life in Sweden, and also become more comfortable with the idea of letting go.
Download or read book From Nascar Condominiums to Private Mausoleums written by Wendy S. Goffe and published by . This book was released on 2012 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 presentation examines the reasons that the family cabin (of any value) is so important in our society, the types of conflicts that arise when families try to hold onto property, methods for transferring ownership to charity and the next generation, and finally methods of management and organization to maintain family harmony once the property has been passed down.
