Cottage Law Blog – Page 3 – Cottage Law Center

A Sad Story From a Client – A Lake House Lost…

August 22, 2017 By Mark E. Kellogg Leave a Comment

One of our clients, Joe, told us the sad story of how his friend’s family lost their lake house recently. The family raised their children at the wife’s parents' lake house. The wife’s brother was managing mom's affairs after her father passed … [Read more...]

Filed Under: Cottage Law Blog Tagged With: cottage, Cottage Law Center, cottage lawyer, cottage succesion planning, estate planning, family, grandchildren, home, lake, lake house, Law Offices of David S. Fry, LLC, lost, Michigan, saving the family cottage, Trust, vacation

Incorrect 2017 Notice of Assessment?

February 21, 2017 By Mark E. Kellogg Leave a Comment

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 … [Read more...]

Filed Under: Cottage Law Blog, Featured Tagged With: 2015, 2017, appeal, assessment, assessor, attorney, Board of Review, cottage, cottage law, Cottage Law Center, cottage succession planning, David Fry, David S. Fry, denial, Department of Treasury, equalization, family, form, limited liability company, LLC, Michigan, Notice of Assessment, property, property classification, property tax, property tax value, proposal A, saving the family cottage, SEV, state equalized value, state tax commission, Tax Tribunal, taxable value, Township, transfer, transfer of ownership, Trust, uncapped, value, will

MI Uncapping Laws-Legislative Update January, 2017

January 13, 2017 By Mark E. Kellogg Leave a Comment

The subject of property taxes on Michigan real estate, particularly vacation property, has received a great deal of attention lately. Because of recent changes in the property tax system in Michigan, it is now possible to transfer ownership of … [Read more...]

Filed Under: Cottage Law Blog, Featured Tagged With: 2012, 2013, 2014, 2015, 2017, 2106, assessment, assessor, attorney, bill, bills, Board of Review, children, committee, cottage, cottage law, Cottage Law Center, cottage succesion planning, David Fry, deceased, Department of Treasury, estate, family, father, first degree, Governor, guidelines, HB 5141, house, House Bill 5139, House Bill 5141, House of Representatives, law, legislation, Legislature, Michigan, Michigan property taxes, mother, new, owner, PA 310, PA 497, pass, planning, property, property tax, property tax law, public act, saving the family cottage, SB 648, senate, Senate Bill 648, SEV, siblings, spouse, state equalized value, tax bill, tax commission, tax law update, taxable value, transfer of ownership, transferee, transferor, Trust, uncapping, up north, vacation, vacation property, value, website, will

Boston Globe Article

December 1, 2016 By Cottage Law Center Leave a Comment

This article quoting Mr. Fry appeared in the Boston Globe on November 25, 2016. https://www.bostonglobe.com/business/2016/11/25/leaving-summer-cottage-your-children-consider-llc/zfW0183N1ankHMCNpcSWFI/story.html … [Read more...]

Filed Under: In the News Tagged With: Boston Globe, cabin, Cape Cod, children, cottage law, Cottage Law Center, cotttage, David Fry, estate planning, family, inherit, lake property, limited liability company, LLC, Maine, Massachusetts, Northern Trust Co., parents, relationship, siblings, succession planning, summer, vacation home, vacation house

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