Watch Cabin Trust Webinar HerePublished by forester on Mon, 12/01/2014 - 08:05
MLR has long understood that Minnesota's family lake places are heirlooms, not assets. Independent research shows that the average (mean) length of ownership of a Minnesota cabin is 25 years, and that 86% intend to leave their place to children and grandchildren. For many Minnesotans, the lake is where family happens. But with current inheritance and tax laws, combined with ordinary family dynamics, make the transition from one generation to the next does not happen without some planning.
Some years ago we teamed up with attorney Frank Heers and developed a Cabin Trust seminar. Frank's family has a farm that has been in his family multiple generations - so he gets family legacy. He is also a member of MLR and has been very active in advancing our work. This seminar is great for anyone looking to plan for the future of their lake home or cabin. To watch a recording of this year's webinar, CLICK HERE.