Owning a vacation home can create complicated family estate and income tax issues. Planning for the transfer of the family cottage requires a series of thoughtful steps. The cottage can be any vacation home and, whether it's a ski chalet or condo, waterfront property or hunting land, all have financial and emotional ties to a family.
On September 23, 2016, on behalf of The Salvation Army Central Territory Headquarters (in Chicago, Illinois), attorney John Below argued and won summary disposition in favor of the Army and against the plaintiff, Right Rate LLC, a cell phone “cost consulting” firm, which had claimed significant contract damages against The Salvation Army Central Territory. The Judgment in favor of the Army saved potential damages in excess of $500,000 and allowed the client to save fees and costs.