cottage-law

Avoid the Fight for the Family Cottage

Avoid the Fight for the Family Cottage

Oftentimes, the idea of "estate planning" can seem overwhelming. However, estate planning at its most basic level is simply making decisions about who should receive your assets when you die and creating a plan that efficiently transfers ownership of the assets at the time of your death to your intended beneficiaries.

Cottage Planning - It's About the Memories

Cottage Planning - It's About the Memories

Families Preserve Their Best Memories of the Family Cottage Through Succession Planning

'Tis the Season to Be "Planning"

Over the last several weeks I have written articles concerning various topics of cottage law – succession planning, charitable giving, tax planning and the effect of the new federal estate and gift tax law. As we approach the end of the year I will focus my thoughts and articles on estate planning and related topics that you may find helpful as you reflect on this past year and look forward to the future.

When Is “Clean” Actually “Clean”? Common Usage Issues in Cottage Succession Planning

Common Usage Issues in Cottage Succession Planning

Many of you have been there. You tell your children, “Please clean up your room” and get the response, “But I just cleaned it!”

Do Your Children Want the Cottage? If So, Can They Afford It?

Do Your Children Want the Cottage? If So, Can They Afford It?

When meeting with clients who are parents to discuss cottage law and succession planning with respect to their family cottage, I always begin with two basic questions: “Do your children want the cottage?” And, if the answer is “Yes,” “Can they afford it?”