nbsp; ldquo;Explains how to find state-specific information, and an appendix sorts legalities by state. nbsp;*Applies in all states except Louisiana.The 9th edition contains updated tables outlining key points of each state's laws. rdquo; -Kiplinger's Retirement Report.
The idyllic dream of a cottage getaway can be shattered when co-owners rsquo; emotions, financial concerns, and opinions on how the property should be used come into play.
It also explains the possible pitfalls of co-owing a family vacation property, and provides time-tested guidance on how to: keep the peace among heirs prevent a family member from forcing a sale of the property keep your vacation home out of the hands of in-laws and creditors, and smoothly transition ownership of the property from one generation to the next. Fortunately, a solid plan that dictates how the property will be owned and managed can prevent squabbles over the family cottage.