DVDs now available for FOCA Members!
DVD #1 – Keeping the ‘Family’ in the Family Cottage – an introduction and overview of considerations for starting your cottage succession plan, from estate lawyer Peter Lillico (recorded 2014)
DVD #2 – Cottage Sharing Agreements – an in-depth look at considerations for creating a Cottage Sharing Agreement, an important step in your cottage succession process, with estate lawyer Peter Lillico (recorded 2016)
About the FOCA Cottage Succession Seminar Series
FOCA has been “on the road” with estate lawyer Peter Lillico for half a dozen years, bringing information to cottage owners about ways to keep the cottage in the family for the next generation. These events are free to FOCA members and $10 at the door for non-members.
FOCA’s popular Cottage Succession Seminar Series encourages everyone to consider how they plan to “Keep the ‘Family’ in the Family Cottage.” Learn what you need to do NOW, to create a cottage sharing agreement and protect the family cottage for the future. Each session includes valuable information from estate lawyer Peter Lillico about:
- why to start the conversation NOW
- the importance of a cottage Sharing Agreement
- paying the Capital Gains Tax
- managing responsibilities and expenses to keep the cottage going once the next generation is in place
Sept.2015 – Read this article about FOCA’s Cottage Succession Seminar series with estate lawyer Peter Lillico (source: My Kawartha)
Get additional notes from estate lawyer Peter Lillico about leaving the cottage to the kids, online here: http://www.lbghlaw.com/cottages/
To contact Peter at his Peterborough office (tell him FOCA sent you!):
Additional info for our American friends with cottages in Ontario:
In early June 2016, FOCA met up with the American Friends of Canadian Land Trusts (AF) to discuss the connection between conservation and cottage succession planning for American owners of property in Ontario’s cottage country. AF helps U.S. taxpayers learn about and address the challenges of Canadian capital gains, and explore how they can create a conservation strategy for their lands that will meet their financial goals.
Our 2016 FOCA Cottage Succession Seminar Series is now finished! Event locations included:
- May 27th with the Canadian Canoe Museum (Peterborough)
- July 9th with the Cavendish Community Ratepayers Association (Kawarthas)
- August 14th with the Lake Networking Group (Eastern Ontario)
- August 21st with the Salerno Devil’s Lake Cottagers’ Association (Haliburton)
Thank you to all our host associations!
Please contact the FOCA office if you are interested in having a Cottage Succession event in your area in the future.