The legacy of love blog

The Dangers of (and alternatives to) joint tenancy

In my practice, I am frequently consulted by seniors who are considering putting their home or cottage into “joint names” with their children. This way they can avoid Estate costs and taxes. While that is true, there are a few factors and legal consequences that people should be aware of before they place their land into joint names with a person other than their spouse. For instance:

  1. Probate fees in Alberta are relatively low and are a maximum of $525.00 for estates more than...
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