Early planning can help avoid cottage sharing rifts

October 6, 2015 Suzana Popovic-Montag advocatedaily 0 Comments
Estates & Wills & Trusts

Early planning can help avoid cottage sharing rifts

 



 

Suzana Popovic-Montag

When it comes to cottage succession planning, seeking help from an expert early is worth both the time and money, Toronto trusts and estates lawyer Suzana Popovic-Montag tells Cottage Life magazine.

In the article, a reader who plans to buy out a family member’s half of the cottage asks, “If we’ve agreed on the price, do we need to involve a lawyer?”

As the magazine notes, legally, it depends on your province. “The land transfer and title system varies throughout Canada, but in many places a non-lawyer can’t even access the electronic registration system. Plus it’s just a good idea.”

Popovic-Montag, managing partner of Hull & Hull LLP, adds that she has seen cottage sharing go pear-shaped, including shouting matches, courtroom battles and decade-long family rifts.

“We’ve made a whole career out of family squabbles,” she tells the magazine.

“Ultimately, you want to bulletproof everything as much as possible,” adds Popovic-Montag.

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