2022 Trust & Estate Planning for Cabins, Boats, & Other Family Recreational Assets Audio Replay

Clients typically have significant reactionary assets that they wish to leave in their estates, such as family cottages, mountain residences, other getaways, yachts, and other assets. These assets may be retained in whole or in part, and are sometimes awkwardly shared by various segments of a same family or with third parties, raising questions of control, valuation, and transfer. Any or all of these assets may have significant monetary worth, but they nearly always have emotional significance to customers. Planning for these assets includes a combination of property and tax law, as well as practical client advice. This course will provide you a hands-on orientation to trust and estate planning for recreational assets.

How to title and/or retain assets in limited liability companies (LLCs) or other commercial organizations
Procedures and agreements encourage stable and cooperative property utilization among several family members
Reactionary assets have unique trust and estate planning considerations.
Utilization of Qualified Personal Residence Trusts for holiday properties and cottages
Real estate concerns include capital upgrades, tax and expenditure treatment, and conservation easements.
Special concerns concerning boats and airplanes

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