Shared ownership of vacation property mdash;especially when the co-owners are family members mdash;can be fraught with problems.
It rsquo;s also updated to reflect current tax and legal entity laws. The sixth edition includes an expanded discussion of legal issues that might arise from renting out a family cottage or cabin on a short-term basis. Fortunately, a solid plan that dictates how the property will be owned and managed can prevent squabbles over the family cottage. ldquo;Practical advice hellip; rdquo;-The Grand Rapids Press ldquo;Nolo is always there in a jam as the nation rsquo;s premier publisher of do-it-yourself legal books.