Cottage Succession

*If your association is interested in hosting a seminar next summer please click here for a short application form to return to FOCA.*

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FOCA's Cottage Succession Seminar Series

Keeping the 'Family' in the Family Cottage

During the Summer of 2011, FOCA delivered Cottage Succession seminars across southern/central Ontario. This was the second year of this successful series.

These seminars offer information and guidance to waterfront landowners who are planning on passing their cottage down to their children or family members. The 2011 series again featured a presentation by Peter Lillico, Estate Lawyer, author and Cottage Life writer, along with information about financial planning from the event sponsor Tranter & Associates (cottagesuccession.ca).

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About the Feature Speaker:

Peter Lillico, Estate Planning Lawyer

“My goal is to provide you with a professionally prepared Cottage Succession Plan, driven by your family’s unique needs and dynamics, developed with meaningful input from family members, and guided by legal, tax and financial expertise to safeguard a successful succession, to ensure the unique benefits of cottage life which we all cherish are available for your children and grandchildren, and to provide you with confidence and peace of mind.”

• Has practised law in Peterborough for over 30 years, with a special interest in estate and cottage planning.
• Has written cottage-related articles for Cottage Life, Good Times magazine and Peterborough This Week newspaper. 
• Is a quoted resource on cottage issues in the Globe & Mail, National Post, Financial Post, and Readers’ Digest.

Lillico Bazuk Kent Galloway Barristers & Solicitors
   phone 705-743-3577 | fax 705-743-0013
email plillico@lbkglaw.com | website www.lbkglaw.com

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About the Sponsor:

Tranter & Associates -

Who are we? We are certified financial planners that help cottagers “navigate the financial rocks & shoals” of cottage succession planning. We help our clients, by developing a plan of action around the most pressing financial issues that arise when dealing with the change of ownership change of this often very emotionally-charged asset.

Our team has developed The Cottage PlanTM to help families effectively transfer the ownership of the cottage from one generation to the next, whether it happens today or at some time in the future.  After going through The Cottage PlanTM process you will have all the information required to start your cottage succession planning. The Cottage PlanTM contains the following:

• Options to protect the future enjoyment of your family cottage.
• Calculations and strategies to help minimize the eventual tax bill.
• How best to fund the future capital gains liability.
• Ways to potentially use the principle residence exemption.
• Help you determine what children are best suited to own the cottage.
• Help you determine the optimal time to transfer the ownership of your cottage.
• Discussions around ownership structures that may work best for your family's situation.
  

For further information please contact Chad Tranter, CFP, CLU at:  (416) 545-5347 or email info@cottagesuccession.ca