PODCASTEpisode 5 - Planning for the Family Cottage: Preserving Your Legacy
Many families treasure their vacation properties—whether it's a lakeside cottage, a cabin in the woods, or a ski chalet. These special places hold generations of memories, but without proper planning, they can become sources of family conflict rather than continued joy. How can you ensure your family's shared property remains a legacy rather than a burden?
In this episode of Into the Woods, Trust and Estates attorney Christen Bruu joins host Dave Shaffer to explore essential strategies for preserving family vacation properties. Drawing from her own personal experience with a family cottage shared by relatives, Bruu discusses the pitfalls of tenancy in common ownership, the benefits of creating entities like LLCs or trusts, and practical approaches to managing shared properties across generations. Whether you currently own a family cottage or are considering how to pass one down to your children, this episode provides valuable insights to help protect your property and the traditions it nurtures.