Law Office of Neil P. Thompson
Law Office of Neil P. Thompson
  • 7900 International Drive
    Suite 300
    Bloomington, MN 55425
  • Call For Your Free 15 Minute Consultation

    (612) 474-5665

Cabin Trusts and LLCs

Pass Down the Family Cabin with a Cabin Trust in Minnesota

Keeping the Family Together and Having Fun with a Minnesota Cabin Trust

It’s common for Minnesota families to enjoy the great outdoors and invest in a family cabin. Protect your treasured family cabin, and the years of memories you make in these cozy homes. You want to ensure the cabin gets passed down to your loved ones to make their own family memories. A Cabin Trust in an estate plan is a tool that can help preserve your legacy.

Understanding a Cabin Trust in a Minnesota Estate Plan

The Cabin Trust is an extension of your estate plan in Minnesota. This type of trust establishes the essential aspects of your family cabin. Some parameters addressed in a cabin trust include detailed rules on equity, taxes, expenses, maintenance, labor, leasing/renting agreements, and responsibilities for the cabin. This document can cover property ownership issues, like family conflicts, and clarify which family member the cabin passes to as an inheritable asset.

Why Do You Need an Estate Plan Trust for Your Family Cabin?

Family member disputes over a family cabin after a family member’s passing is a common issue. You can mitigate some arguments and issues if a Cabin Trust is appropriately drafted with an experienced Minnesota Cabin Trust attorney.

A Cabin Trust has many benefits as part of a Minnesota estate plan. For example, the trust can help parents to maintain control of the property during their lifetime. Parents want the cabin to continue as a family asset where future generations can enjoy the property. Unfortunately, disagreements can erupt, and without property planning, instead of bringing a family together, the family cabin can tear a family apart after the parents pass away. A Cabin Trust can keep the cabin in the family and keep family members out of court.

Work with an Experienced Minnesota Estate Planning Attorney on Your Cabin Trust

Suppose you or a loved one needs an experienced Minnesota attorney to handle your simple or complex estate planelder law needs, or to create a cabin trust.  In that case, it’s time to contact Neil Thompson, Attorney at Law at his Bloomington law firm. We welcome you to contact us to learn more about how we can help meet your legal needs.

Neil P. Thompson

Call For Your Free 15 Minute Consultation
(612) 474-5665