They wrote the book on cottage law—literally
Recently, Attorney David S. Fry opened the Cottage Law Center in Rockford. Fry specializes in the field of cottage law, drawing on his legal experience in the areas of business planning, real estate and estate planning. With 30 years of experience in the practice of law, he has focused specifically on helping clients with their cottage law needs for over a decade.
Fry has worked with clients all over the United States and Canada to create specialized cottage succession plans that fit the needs of their individual families. As a fourth-generation cottage property owner, he brings a unique perspective to the cottage-planning process. He has seen firsthand the family and legal issues involved in vacation property ownership and transferring that ownership to younger generations.
Together with attorney Stuart Hollander, Fry has written the book, “Saving the Family Cottage.” This in-depth read explains why problems arise when a vacation home is passed on to the next generation and offers practical suggestions on how to address these issues.
The book covers how to incorporate succession planning for a vacation home into an estate plan and gives practical advice on such things as how to develop a cottage schedule, whether to establish an “endowment,” and how to allocate control between and within generations of owners.
The book is written in layman’s terms for the vacation home owner. However, it also contains information useful to attorneys and financial planners.
Fry is available to speak to groups on the subject of sharing and passing on the family cottage to future generations. His informative presentations last between 60 and 90 minutes and cover a wide range of legal and family topics.