Are you in a partnership where one of you is responsible for the bills, the insurance and the banking and the other partner just goes with the flow?One partner might know where the wills, the life insurance paperwork, and other important documents are, and the other partner hasn’t a clue.Collecti...

The short answer: A power of sale is a sale by a lender after a homeowner defaults on mortgage payments, using a right granted in the mortgage. In Ontario, buyers can purchase these properties, but they are sold "as is" at fair market value, not necessarily at a bargain, so have a real estate lawye...

The short answer: Estate Administration Tax (EAT), often called probate fees, is a tax Ontario charges on the value of an estate when an estate certificate is issued. There's no tax on the first $50,000, and $15 per $1,000 above that. Naming beneficiaries and holding assets jointly can reduce how ...

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.It is no secret that our team at McMurter & Associates are strong believers in condi...

The short answer: A chattel is a movable piece of personal property that isn't permanently attached to a home, such as furniture or appliances, and it only stays if the Agreement of Purchase and Sale says so. A fixture is an item attached to the home or land, such as light fixtures, and generally ...