Cabin planning is all about the family so we invite you to bring your family members to learn how a cabin trust can protect everyone with terms specific to your families’ needs. Hear where negotiations typically break down and how you can come to resolution so all can enjoy the cabin for years to come. Learn how to protect not only your cabin but the legacy of MLR as well. This seminar will explain:
- The relationship between probate and ownership type – whether fee simple, joint tenants, or tenants in common
- How cabin trusts avoid common ownership issues like terms of use, action to partition, fractionalized ownership, unintended owners, and probate
- The differences between cabin trusts & which can reduce your estate size and minimize estate tax – whether a stand-alone cabin trust, a Revocable Living Trust (RLT) with a stand-alone cabin trust, a Cabin Limited Liability Companies (Cabin LLC), or Qualified Personal Residence Trusts (QPRTs)
- How an Irrevocable Grantor Trust (IGT) may protect your cabin from possible future Medicaid spend-down requirements
- How your estate plan can safeguard the legacy of MN Lakes Rivers Protection and Education using Donor Advised Funds, gifts from retirement plans, or with beneficiary designations
Questions? Contact Sami at sami@mnlakesandrivers.org