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Our Practice
Cottage Law
"Cottage law" refers to the legal tools we employ in cottage succession planning. The goal of cottage succession planning is to establish a legal arrangement that keeps a cottage in the family over multiple generations. The arrangement is a success only if it is perceived to be fair by each successive generation of owners.
A cottage plan usually addresses these concerns through the creative use of a limited liability company (LLC) or limited partnership, often paired with an endowment established by the founders. The endowment may be funded during the founder's lifetime, or with cash proceeds from one or more policies insuring the life of the founder. If there is more than one founder, a second-to-die policy held by a irrevocable life insurance trust can be an ideal tool for creating the cottage endowment.
Cottage planning is important if a family wishes to keep its cottage for several generations. It is a specialized field. We look forward to assisting your family preserve its most important asset.
Business Practice
Mr. Fry has over 30 years of experience in business law matters. He has served as head of the legal departments for 2 major manufacturing corporations, and has in depth experience in choice of entity issues (corporation, partnership, limited liability company), business formations, transactions (buying or selling a business, contract negotiation, etc.), and a wide range of other business related legal issues.
Real Estate Practice
Mr. Fry has many years of experience in a wide variety of real estate matters, particularly in the buying and selling of residential and commercial properties. He has also litigated a number of contested real estate disputes, and as a fourth generation cottage property owner, he brings a unique perspective to the cottage planning process. He has seen first hand the family and legal issues involved in vacation property ownership and transferring that ownership to younger generations.
Estate Planning Practice
Our estate planning practice includes preparation of wills, trusts (revocable living trusts, irrevocable trusts, qualified personal residence trusts, charitable remainder trusts), tax planning (use of trusts, annual gifting programs, charitable gifts), durable powers of attorney, advance medical directives (patient advocate designations), guardianships, conservatorships, and probate matters (including contested cases).
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