Managing a Family Cabin with Multiple Owners
A SURVIVAL GUIDE: Keeping the cabin & the peace
Published:
May 1, 2009
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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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