TRUST & ESTATE SERVICES

We Do About the Cottage?

Many families face the cottage conundrum. We highlight multi-generational concerns, and options that can lead to thoughtful, satisfying plans.

09.30.2018 - Thomas E. Junkin, Senior Vice President, Personal Trust Services and Operations

What Do We Do About the Cottage?

By Thomas E. Junkin

Leisurely swims, happy hikes, puzzles by the fire and favourite fishing holes are all cottage traditions. For many families, so too are conversations about how to pass on the cottage. Someone raises the topic. Another person cites technical concerns such as taxes, maintenance and ownership structures. Opinions fill the air and then slowly fade away, replaced by easier things to talk about. So the question remains: How can you best keep the cottage in the family?

We believe effective succession planning involves both the softer and technical sides of the equation. In fact, concerns involving family harmony often drive technical solutions. That’s why we raise both issues for you to consider in the context of your family, your property and your wishes. In doing so, you can open the door to a successful transition and finally resolve concerns about “what to do about the cottage.”

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TRUST & ESTATE SERVICES

Making the Best of an Arranged Relationship

01.29.2019 Thomas E. Junkin, Senior Vice President, Personal Trust Services and Operations

The relationship between a trustee and beneficiary is unique. Learn some steps that can help build common ground and address tensions before, and as, they arise.

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TRUST & ESTATE SERVICES

Planning to Keep the Farm in the Family

06.30.2018 Thomas E. Junkin, Senior Vice President, Personal Trust Services and Operations

Keeping the land in the family for future generations can be the greatest challenge ranching families face. Discover how building effective succession steps can help.

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