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. 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 successfully keeps a cottage in the family over multiple generations.
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