My office is within a short drive of miles and miles of pristine sandy beaches of Lake Michigan and located at the entrance to the natural beauty of Northern Michigan, which lends itself to a multitude of vacation properties and rentals in the area. Whether you are from the Chicago area and looking to purchase a second home on the beach, or from Michigan and want a weekend cabin get-away up north, my local knowledge allows me to help you resolve any potential issues before purchase, including future tax planning, zoning regulations and a detailed knowledge of Michigan’s Sand Dune Protection Act.
And if you would like to leave a family vacation property for future generations to enjoy, Michigan real estate tax laws may make it more complicated than meets the eye. While an LLC for a vacation property can be a great way to manage the property and provide for diverse ownership over generations, there are also negative tax consequences if the property has already been owned for many years. My knowledge of real estate tax laws and business entity formation can help guide you to the best choice of ownership.
If you are interested in discussing the steps necessary to plan for a vacation property or second home, please contact Attorney Adam Zuwerink at firstname.lastname@example.org or 616-834-0262 for more information about the real estate legal services that our firm provides.