Cottage Law Center

Home may be where the heart is, but a family’s most cherished memories are often held within the walls of the family cottage. Carefree days spent watching the children and grandchildren play and grow. S’mores. That first fish (and first “big fish” story). Whether a rustic cabin in the woods or a palatial property on sandy shores, don’t risk these memories by failing to make wise decisions about the future of the family cottage. The goal of “cottage law” or cottage succession planning is to establish a legal arrangement that … [Read More...]

Simply leaving the cottage to all members of the next generation “in equal shares,” means that everybody has to agree on everything. Virtually every family will have members with varying views on “partial ownership” of the family cottage. Parents who don’t take these differences into account risk putting family members in a contentious situation. Without a plan allowing for a graceful exit from the cottage for those who want out, the … [Read More...]