If you own a family cottage, holiday retreat or weekend getaway property or have parents who own a cottage that you hope to be able to enjoy with your family in the future, this site is intended as a starting point for planning a smooth transition of ownership to the next generation.
Succession can be difficult if transition of ownership is not properly thought out. You’ll find that all of your best financial planning, diplomatic and refereeing skills can come into play. Our goal is to guide you through the process and provide you with the tools, knowledge and potential solutions to help avoid some of the problems that can derail the families best intentions.
You will learn about what financial issues are involved, the family dynamics that come with the territory and how to manage them successfully. You’ll get insights as to what tools you’ll need, how to develop agreements for to co-ownership, sharing and compensation for all the siblings involved.
We’ll teach you the fundamentals of the Family Round Table and how to choose which children get what. Included is just about all the information you’ll need to begin planning a successful transition of the family cottage to the next generation.
Additional questions? Just contact us here or call us toll free at 1-855-294-4544 and we’ll be happy to help you.