Four mistakes to avoid when you are cottage succession planning
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6 ай бұрынEstate planning lawyer Peter Lillico outlines four common mistakes that property owners make when they are cottage successing planning and how to avoid them.
Have a cottage succession plan is crucial for handing down the cottage. There are a lot of unique tax considerations and scenarios depending on your situation. Watch the video to learn how to navigate the legal and tax side of estate planning.
@markelliott8112 5 ай бұрын
Excellent presentation. I like how Peter gives the problem but also the solution!
@charliebezoski450 6 ай бұрын
Great video lots of food for thought - thank you
@virginiaalbright7460 5 ай бұрын
Excellent presentation. Thank you so much.
@torontowhiffofgrape4594 4 ай бұрын
It was a great presentation but your choice to not include the complete answer to the last Q&A question at 1:05: - So what happens after the 21 years of that sprinkling trust? - was most annoying. Can the video be reposted with it included. thanks
@andrewzyp5675 6 ай бұрын
What do you think about the trust reporting rules now vs. EAT or the idea of protecting the cottage in a sprinkling trust? There is an administrative burden as well as a financial one with the reporting requirement.
@cottagelife 4 ай бұрын
Hello, we've sent Peter your question and will get back to you.
@user-wy2kk1oe7b 3 ай бұрын
On in in😮
@virginiaalbright7460 5 ай бұрын
What is the email to request the information about principal residence and capital Gaines please?
@cottagelife 4 ай бұрын
Hello, the information is available in our Family Matters newsletter. The information about capital gains is in email number four. The link to subscribe is here: get.cottagelife.com/family-matters/
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