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Wednesday, July 9
1:00 – 2:30 pm (central time)
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Dear Friend,
If your lake place is the center of your family, the gathering place, the spot where friends and extended family gather to create life-long memories, then you cannot afford to miss this seminar. Our places are heirlooms, not assets. But moving a place from one generation to the next can be difficult. Recent changes to the Minnesota gift tax will require further planning. Now you and your heirs can establish a future for the family place that has been so important.
Find Out What Can Happen Without a Cabin Trust or Cabin LLC…
- Disputes arise over who should pay the taxes, insurance and maintenance
- Interests pass to unintended heirs
- Interests in the cabin may go through multiple probates
- Unexpected loss of step-up in basis
- Disputes over who gets to use the property and when they get to use it
- Too many common owners with too many different interests and financial
situations to be workable
- Avoid disputes and bring family together for generations to come
- Reduce estate and gift taxes and avoid multiple probates
- Can be stand-alone or added to your existing will or living trust
- Provide a cash endowment to fund taxes, insurance, maintenance, even a new boat
- Create an orderly schedule of use, rules regarding guests and expense sharing agreements
- Plan for cross purchases between siblings and other heirs
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