Fraser Trebilcock - Cottage Law Center

Fraser Trebilcock - Cottage Law Center The goal of cottage succession planning is to create legal ground rules that provide the ability to keep a cottage in the family for multiple generations.

"Cottage Law" refers to the legal tools used for cottage succession planning. The goal of cottage succession planning is to set up legal ground rules that provide the best chance to keep a cottage in the family for multiple generations. Cottage law draws on legal concepts from estate planning, real estate and business law. A cottage plan usually addresses these concerns through the creative use of

a limited liability company (LLC) to own the property. Properly crafted, the LLC's Operating Agreement covers such topics as who can own a share of the cottage, who pays to maintain it (and what happens if they don't), who gets to use it and when, how to make decisions regarding the property, and how to respond when an owner wants to get out of the arrangement for any reason. Beyond those basics, each plan can be "customized" for the individual family, and may include any other subject that is likely to be the source of friction or conflict among family members of the next or succeeding generations of owners.

Common issues that prevent the passing of a cottage to future generations in Michigan can be addressed through careful c...
02/28/2022

Common issues that prevent the passing of a cottage to future generations in Michigan can be addressed through careful cottage succession planning, such as utilizing a LLC or a trust structure.

Attorney Mark Kellogg addresses these issues, solutions, and more in the second part of this two-part blog post series on cottage succession planning in Michigan.

Read: https://bit.ly/3iCBJgz

While you and your family are enjoying the cottage now, it is important to address common issues that can prevent the pa...
02/17/2022

While you and your family are enjoying the cottage now, it is important to address common issues that can prevent the passing of a family cottage/vacation home for future generations to enjoy.

Cottage law attorney Mark Kellogg dives into two possible solutions for families struggling to determine the best way of keeping their cottage/vacation home for future generations.

Read:

Common issues that prevent the passing of a cottage to future generations in Michigan can be addressed through careful cottage succession planning.

We would like to wish everyone a safe, warm, and wonderful Thanksgiving!
11/28/2019

We would like to wish everyone a safe, warm, and wonderful Thanksgiving!

Cottage law attorney Mark Kellogg was interviewed by the Chicago Tribune for an article detailing the intricacies of vac...
05/14/2019

Cottage law attorney Mark Kellogg was interviewed by the Chicago Tribune for an article detailing the intricacies of vacation properties left behind for families, and the importance of implementing a succession plan before a family member has passed away.

For more information on the importance of cottage succession planning, visit: https://www.fraserlawfirm.com/Site/Practices/Cottage-Law/

After a parent passes away, middle-aged siblings often have to deal with real estate left behind, and it can get ugly fast.

Atttorney Mark Kellogg discusses ten reasons why you may want to consider a family cottage succession plan.
03/12/2019

Atttorney Mark Kellogg discusses ten reasons why you may want to consider a family cottage succession plan.

01/01/2019
Happy Holidays from the Cottage Law Center!
12/19/2018

Happy Holidays from the Cottage Law Center!

Thank you!
11/12/2018

Thank you!

Announcing the Succession of our Cottage Law Practice as of January 1, 2019...
10/23/2018

Announcing the Succession of our Cottage Law Practice as of January 1, 2019...

The Law Offices of David S. Fry, PLC and Fraser Trebilcock are pleased to announce that as of January 1, 2019, the Cottage Law practice of David S. Fry will be transferred to the law firm of Fraser…

03/25/2018

How many of these beautiful places have you seen?

Avoid outdoor burning...
03/23/2018

Avoid outdoor burning...

Home and property owners in much of the Lower Peninsula should avoid outdoor burning for the next few days because dry conditions could cause fire to spread.

03/15/2018

As the winter of 2018 refuses to give way to spring, I have taken a fresh look at whether there is a more comfortable way to spend the seasons surrounding summer. As luck would have it, several different forces have come together recently and helped me make the decision that the time has come for me to enjoy our own family vacation property on a full time basis, instead of the weekends that have been the norm for me over the last few years. Thus, I have decided to give in to the relentless passage of time and retire from the practice of law at the end of this year—my 70th year of life and 45th year of practicing law.

If your family does desire to work with me, we should begin work on your project sooner rather than later. We have a number of projects in process that need to be completed before the end of the year and the beginning of this year has a higher level of new projects than we usually have this time of year. At some point I expect I will not be able to take on new projects in an effort to complete existing projects before my retirement.

I am currently discussing potential arrangements with several interested parties for a successor to his practice, and expects to have a specific plan in place over the next few months.

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Lansing, MI
48933

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