Senior Perspective: Untangling the Cabin Succession Mess
Developing a cabin succession plan requires forethought and long-range planning.
In FMJ Trusts & Estates attorney David Ness’ latest Senior Perspective article, he outlines common forms of ownership used for purposes of cabin succession, such as direct transfer of ownership, cabin trusts, and business entities.
“We often plan for important events such as the birth of a child, education, retirement and death. Planning for the succession of the cherished family cabin is one of those important events. Those who fail to plan generally do so out of procrastination or a reluctance to address difficult inter-family situations. However, this reluctance will most likely result in a mess for the family to untangle.”
Read the entire article here.