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Wednesday, February 27, 2013

Primer on cottage succession planning

Here in Newfoundland we're up to our knees in snow, and I'm sure it's much the same across the country. Nothing makes us dream of summer cottages and kayaking on a glassy lake like a good old Canadian winter. With cottages, lakes and fishing poles on our minds, it seems like a good time to consider the future of our summer hide-aways. Click here to read an article by lawyer Matthew J. Wilson that is a great primer on the issues you need to consider before taking any steps to leave your cottage to anyone. Those of you who have already made wills leaving your cottage to all of your children jointly (and I know you're out there), please read this article and ask yourself how realistic your plans really are.

2 comments:

  1. Thank you for sharing. Even the most organized people have difficulty keeping track of every part of their financial lives. Often, they turn to a an experienced estate planning lawyer to not only keep track of the assets and finances they have accumulated, but also to make arrangements to disseminate that wealth as part of an estate after death
    - estate plan Peabody, MA!

    ReplyDelete
  2. It was a wonderful post!! Thank you for sharing this awesome piece of work with us!

    ReplyDelete

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