Legacy Property Family Trust
Second Homes & Vacation Property
What is a Family Camp?
16% of homes in Maine are family camps or cottages (second homes) What is a family camp? It is a place of memories. A family camp might be a lake house, salt water farm, beach house, ski cabin, or even a townhouse in the city. It is owned by grandparents or parents, or in the succeeding generations, siblings, cousins… AND they want to keep it in the family!
How Do You Keep It?
A potentially valuable property – your heirs will inherit it one day. Often times these family camps are irreplaceable. Due to the appreciation in value of waterfront property, and scenic views, many family camps are now so valuable that the children of their owners could not afford to buy them. But What CAN be done? With proper planning it Could Be Your Legacy
we can help you
Accomplish Your Goals
Funding Your Dream
Making it Legal
Give the Gift of Your Wisdom & Guidance
What Drives Us
At Penbay Estate Planning Law Center, we are passionate about helping our clients prevent the financial devastation that can happen without proper estate planning. We believe that your Family Camp is something special. It’s worth taking the time to plan for it. What will happen to it, and to your family after you’re gone.
Bayview Financial Advisors
With the right financial advisor, life can be brilliant.
As family-campers ourselves, we know, that the family camp in Maine is not just a piece of property, but a remarkable place, full of family memories and experiences. Most camp owners have difficulty planning how the family camp will be (successfully) handed down from generation to generation. Who will pay the taxes, maintenance, and major improvements? What if one side of the family loses interest? The team at Bayview Financial Management can help plan for this event and discuss solutions to successfully fund this legacy.
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