| Of all the assets a family in Minnesota owns, | | | | battles amidst the siblings. Why? Because they |
| nothing is as treasured as the family cabin or | | | | cannot seem to agree on its use, including the |
| vacation home. When designing a family's estate | | | | following issues: |
| plan, the cabin is the one asset that the family | | | | - Equity |
| hopes to preserve after a loved one passes. | | | | - Expenses |
| Families quite often liquidate the other assets, | | | | - Taxes |
| including the family home, and divide equally | | | | - Scheduled useand other issues that often only |
| among the kids. | | | | the family can foresee. In fact, many conflicts |
| However, with a family cabin, the parents usually | | | | that arise over the family cabin are unique the |
| don't want the children to liquidate the vacation | | | | that family and require a unique and flexible |
| home, but rather have it live on for future | | | | solution. |
| generations to enjoy with their adult children just | | | | In the case of Minnesota, a solution exists to |
| like the adults did with their kids. | | | | protect the family cabin and strengthen family |
| Unfortunately, this often doesn't happen. Usually, a | | | | relationships. The solution is called a Cabin Trust. |
| cabin that is left to the kids invites enormous | | | | |