PREC and Insurance

Question: Should we be getting insurance for the PREC? The RECO Update course says the PREC is not insured under the RECO insurance but the Registrant still is. Answer: Your …

Divorced: but still stuck together!

You probably never thought of this and it certainly doesn’t happen very often, but when it does it definitely causes havoc. Let’s take the case of Jim and Wendy. Wendy’s …

Wills for Everyone!

Everyone has a Will. The problem is that most people don’t know where it is. They have never seen it, they never signed it and they don’t know what it …

Joint Tenancy Declarations

Now that the Supreme Court of Canada has changed the law, what are you going to do about it? Just a quick summary about the law. There are basically two …

Joint Tenancy Issues (Even More)

While there are some advantages to joint tenancy, there are also some problems. The primary advantage is the ease of administration of a deceased’s estate. It is simple and uncomplicated, …

One Person on Title Dies

What happens to the property when one person on the title passes away? Question: A client is on the title of her home along with her 30 year old son. …