Transitioning Your Family Cottage
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The family cottage is more than just a property — it's a treasure trove of memories, traditions, and cherished moments. However, transitioning this asset to the next generation can be a complex and emotionally charged process. Join MNP and Mann Lawyers for an insightful webinar where we'll explore the various options and strategies for smoothly transferring ownership of your family cottage.
Whether you are considering gifting it, selling it, or leveraging insurance, our presenters will guide you through the tax implications, capital gains considerations, and potential issues that may arise. We will also delve into common cottage conflicts and offer practical advice on how to minimize disputes, ensuring that the cottage remains a source of joy for years to come.
Watch the Webinar
Date
Tuesday, September 17, 2024
Time
12:00 PM - 1:00 PM (EDT)
Agenda
- Ways to pass along the family cottage
- Gift it, sell it, use of insurance
- Tax Considerations and capital gains
- Issues to consider when passing on the family cottage
- Common cottage conflicts
- Ways to minimize disputes related to the family cottage
- Estate planning considerations
Location
Webinar
Presenters
Danielle is a member of MNP’s Private Enterprise team in Ottawa. A trusted advisor, Danielle helps family businesses with intergenerational succession planning, while supporting both family harmony and the long-term success of their business, to safeguard their legacy for generations to come. Danielle works with family businesses of all sizes, in all industries, as well as with non-family-owned businesses. She advises clients on management and ownership succession, family communication, governance, readying the next generation to take over, and exit strategies.
Madison serves as a Partner and Business Advisor at MNP within the Assurance and Accounting group, where she specializes in the private enterprise and real estate and construction sectors. Leveraging her seven years of expertise in assurance and tax planning, among other critical service areas, she aids her clients in crafting robust and sustainable strategies for success.
Kate is a member of the family law, wills and estates and estate litigation service groups at Mann Lawyers. Her experience in family law includes advising clients on property division, support issues, custody and access matters, domestic contracts and private adoptions. She assists clients with preparing wills, estate planning and administration matters, and disputes over estates, including issues related to capacity and dependent’s relief.