For many of us, summer plans often focus on time at the family cottage. The family cottage is often like a treasured heirloom which you and your family may hope to preserve and pass down to future generations. When it comes to estate planning and the family cottage, special considerations – legal, financial, and practical – apply.
There are various options depending upon your desires and unique circumstances, all of which have their own pros and cons. Over these last few weeks of summer, my blogs will explore some options for dealing with the family cottage. The first option we’ll explore is whether an outright gift of the cottage to your children while you are living might make sense. Stay tuned!
Reproduction of this blog is permitted if the author is credited. If you have questions or if you would like more information, please call us at 613 836-9915. This blog is not intended to be legal advice but contains general information. Please consult a lawyer or other professional to determine how the information in this blog might apply to you.
Blog posts pre-dated December 1, 2015 were originally published under Neff Law Office Professional Corporation.
