Managing a Family Cabin with Multiple Owners
A SURVIVAL GUIDE: Keeping the cabin & the peace
May 1, 2009
For many families, sharing and caring for the family retreat can be challenging when multiple, related people are involved. The best way to plan for the maintenance and legacy of a family cabin with multiple owners for generations to come is to set up a legal structure such as a trust or limited liability corporation. But that’s only a start. No matter the contracts and ownership agreements you have, there are bound to be issues and challenges that arise over the years.
And because it is a family matter, the players involved are likely to deal with issues in a more personal way – for better or worse.
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