Preserving & Passing On the Family Cottage (without destroying the family!)

Vacation homes often hold a family’s most cherished memories, but transferring them to the next generation can be tricky and may lead to conflict. Adding children as co-owners during your lifetime can result in unexpected tax consequences and expose the property to their creditors. This class will cover planning strategies for a smooth transition, including selecting owners, dividing usage time, making decisions about repairs and upkeep, and exploring options to fund future costs. Bring your toughest questions to get expert guidance on preserving your vacation home for generations to come.