Estate planning is one of the greatest gifts you can give your loved ones. With the start of a new year, it’s the perfect time to tackle items you may have been putting off, including creating or updating your estate plan. We have the biggest estate planning mistakes and how to avoid them on our blog.
McMurter & Associates is thrilled to announce the addition of Nick Whelan as the newest Partner of our firm. His expertise and commitment to providing our community with estate and real estate law services align with the dedication we promise our clients. This partnership is a welcomed addition to our firm.
In Ontario, notary services can streamline many of your legal and official document needs. Under Ontario law, only notary publics are authorized to perform affirmations, witness signatures, and certify that a document is a true copy.
A notary public ensures that all legal processes comply with the province’s regulations, offering more than just signatures and stamps of approval. They provide legal assurance, convenience, and peace of mind.
Owning real estate with an investment partner is a popular choice among real estate investors, but this strategy comes with its own set of challenges. While there are many advantages to sharing ownership of properties with a partner, clear communication in agreements is the true key to success.
What is land transfer tax?
In Ontario, the land transfer tax is a fee you pay to the provincial government when you acquire real estate. It’s calculated as a percentage of the property’s purchase price and is due upon closing. Your real estate lawyer will handle the land transfer tax payment on your behalf as part of the closing process.
Collecting and keeping all of the family’s most important pieces of legal and financial information together and in a secure location can be a tremendous resource in the event of an unexpected (or eventual) death. A death binder is an estate planning tool that you should use to organize and store all documents and notes that your partner and loved ones should have access to if you pass away.
The dramatic rise in the prime interest rate is having a devastating impact on household budgets, and as a result we are seeing more and more power of sales in the real estate market in the Durham Region, something that has been relatively uncommon up until now.
Estate Administrative Tax (EAT) is also known as probate fees. There’s no way to get out of paying them, but there are a few things to consider when trying to reduce the amount that your beneficiaries will have to pay from your estate after you are gone. Here is what you need to know about Estate Administration Tax.
As a buyer, it can be tempting to forego all conditions. Financing, home sale, and home inspection conditions are the most common conditions. If you are considering excluding conditions, we urge you to reconsider.
Let’s get to the definitions of a chattel and fixture in a real estate deal.