Audience: People who have a beloved family cottage or vacation home that they want to keep in the family. People who have inherited an interest in a shared cottage or vacation home, and are looking for the best way to hold, share, and use the property while maintaining peace. There will be a strong audience for this book in the 10 states with the greatest percentage of vacation homes: Maine, Vermont, New Hampshire, Alaska, Delaware, Florida, Montana, Wisconsin, Arizona, and Idaho. Also, this book will be in demand in hot vacation home counties in states such as Massachusetts, New York, Colorado, Michigan, Minnesota, and Missouri. What is new in this edition: There are approximately 5.7 million vacation homes in the United States. As the population ages, owners who wish to keep these properties in the family will need guidance. For those who didn't have a succession plan in place, the heirs will need guidance on how to use and share the property while maintaining peace among family members.

This book is filled with practical, relatable examples that explain why vacation home owners need to have a plan if they want to keep the property in the family--and each example is followed up with executable solutions. The new edition is updated to reflect tax law changes as well as the current environment for using family cottages as Airbnb, VRBO, or other short-term rentals.