As parents become elderly, it’s important to realize that they should continue to retain ownership of their property. Oftentimes, it’s thought that simply transferring it directly to the kids or …
Transfer of Property to Avoid Probate Fees
Ontario Let’s assume that Bob and Mary have been married for years and hold title as Joint Tenants. That’s good because it will avoid probate fees (technically estate administration fees). …
Seller’s Warranty to Proceed with Estate Sale
In an Estate Sale, the legal process can be extended. In order to ensure that the Seller is acting diligently, you might wish to consider the following clause: “The Estate …
Seller’s Right to Extend Closing Date
When the Seller is involved in an Estate Sale, sometimes they require some additional time to arrange Court approval. Consider this clause The Buyer and Seller agree that the Seller, …
Joint Tenancy Severance and Death
If one joint tenant (A) out of three (A, B and C) sells his share to X, then X becomes tenants in common with joint tenants B and C. Now …
Joint Tenancy Severance and Death
If one joint tenant (A) out of three (A, B and C) sells his share to X, then X becomes tenants in common with joint tenants B and C. Now …
Multiple Wills
How Many Wills Do You Need? The answer is probably two. That may come as a surprise to many, but this is an estate planning technique which is helpful in …
FLA Supersedes Joint Tenancy
(Ontario) Question: One of the questions in the practice test asks if Jim and Dan are joint tenants of a property, Dan is living overseas and Jim and wife live …
Estate Planning 2022
People will often think that they have an Estate Plan, if they have a Will. They don’t. They just have a Will. That’s just one document. There are some other …
Estate Listings in Ontario
Question: If a client has inherited their parents’ home, and you are listing the home, how do you know the client is legally able sell to the home? Would lawyer …