Saturday, July 5, 2014

MLR Legacy Webinar on Cabin Trusts: announced at Annual Meeting

Don’t miss this FREE presentation!
Wednesday, July 9
1:00 – 2:30 pm (central time)
Watch this Live Webinar from
your computer!

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
Find Out What Can Happen With a Cabin Trust or Cabin LLC
  • 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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