Cottages are treasure-troves of memories and are part of the Canadian psyche. For many, the cottage is more than just a house by a lake. It is a place filled with memories of fishing and swimming and lying out under the stars on warm summer nights. It is therefore not surprising that most cottage owners want to keep the cottage in the family and pass it on to the next generation. But cottages are also a source of tension and dispute when it finally comes time to decide what to do with the cottage. Cottage succession fights keep litigators busy. Before making the decision to transfer or gift the cottage to your children, what should you do and how should you do it. How can you prevent family feuds? How do you stop your estate from being tied up in court for years and your family from being torn apart by the very thing that brought it together?
Read Justin’s presentation here.