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We wrote the book on Cottage Law. Literally.

Stuart Hollander and David S. Fry explain why problems arise when a vacation home is passed on to the next generation and offer practical suggestions on how to address this problem.
The book covers how to incorporate succession planning for a vacation home into an estate plan and gives practical advice on such things as how to develop a cottage schedule, whether to establish an “endowment,” and how to allocate control between and within generations of owners. Learn more…

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Notices of Assessment need to be sent by Townships to homeowners by March 1.  PLEASE NOTE, if you believe that your taxable and/or assessed value is incorrect, you may protest to the Local Board of Review, but you have a VERY limited time in which to do so.  Please check your Notice of Assessment for your Township's Board of Review dates and times (in March).  Most Townships allow non-residents to appeal by letter, enclosing a completed State Tax Commision … [Read More...]