We are strong believers in real estate deal conditions. Now that we are in a more balanced market, and houses are not selling in multiple offer scenarios, as a real estate buyer you have more power to make a thoughtful deal with conditions.
Blog
Pet Guardianship
Your pets are a big part of your family. So, what happens to them after you are gone? If you are suddenly incapacitated or pass away, do you have a plan for your beloved pet?
Do I really need title insurance?
Title insurance is not the most exciting thing to spend your money on, but it is an integral part of buying a house and most real estate lawyers (and virtually all mortgage companies) want it as part of every deal. Although title insurance is optional in Ontario, your lender will require it for you to receive your mortgage.
Wills and Blended Families
As you can imagine, there are many factors to consider when estate planning with blended families.
Should I add my child to the title of my home?
Should I add my child to the title of my home? When your child is listed as a joint tenant, it is likely that the home will be their primary residence. There will be potential income tax complications, like capital gains, from doing this. In Ontario, your child will forfeit their first-time buyer’s exemption for the property transfer tax on the home purchase.
Do I need a Secondary Will if I have my regular Will?
In Ontario, probate fees are among the highest in the country. There are some ways that you can help your loved ones avoid paying some estate administration tax (EAT) after you are gone.
A Secondary Will can help reduce the amount of tax that your loved ones will have to pay in EAT. A Secondary Will is not applicable to everyone, though. Your Secondary Will only covers assets that are not required to go through probate.
How will your guardian financially care for your child?
When thinking about guardianship for your minor child, finances can be a concern for your guardian. On the blog we have some questions that you need to put some thought towards when thinking about the future for a potential guardian and your child.
The Hardest Conversation to Have
Estate planning is a topic that a lot of people avoid.
Allison McMurter-Hughes sat down with Gary Hibbert and talked about the first steps to estate planning and what you need to do today to prepare for the future. Listen now.
Guardian FAQ sheet
If you are gone, who will be responsible for your child(ren)? What factors should you consider when choosing a guardian? McMurter & Associates can help.
Perks of Having a Will for Your Real Estate Investment
Perks of Having a Will for Your Real Estate Investment – Shares Brian C. McMurter, a 2022 ThreeBestRated Award-Winning Real Estate Lawyer
Our Offices
114 Green Street
Whitby, ON L1N 4C8
Phone: 289-278-0934
Toll Free: 1-800-756-7138
Email: [email protected]
Fax: 905-666-2863
Whitby Office
Toronto Office
Satellite office, open by appointment only
Evergreen Brick Works
550 Bayview Ave., Suite 401
Toronto, ON M4W 3X8
Phone: 289-278-0934
Toll Free: 1-800-756-7138
Email: [email protected]
Fax: 416-747-6208
Toronto Office