Has your cottage appreciated in value? Will your estate be able to cover the tax liability? If not, your family may have to sell the property to pay the taxes. By planning ahead you can make sure your family can enjoy the cottage long after you’re gone. Here’s how:
Keeping the cottage in the family requires some careful pre-planning. To review the options for your family, I can introduce you to one of our Estate & Insurance Advisors. For more information or to discuss in more detail, please contact me directly: Stephen Mallett (416) 359-7591