The short answer: Adding your child to your home's title as a joint tenant can pass the home outside your estate and avoid Estate Administration Tax, but we advise against it. The risks include your child's financial problems, sibling conflict, needing their permission to sell or refinance, and cap...

The short answer: In Ontario, naming a guardian for your child in your will doesn't automatically provide the money to raise them. You can use your will, life insurance, and possibly a trust to set out how your assets should be used for your child's care, and it's important to discuss expectations w...

Investing in real estate could be one of the best investments anyone could make in their lifetime. With assured returns and tax advantages, real estate investments are lucrative in all ways to the investors. Just like any investment, real estate investment has its risks. One of the main risks inv...

The short answer: In Ontario, a parent can name in their will who should care for their child after their death, but the appointment is only effective for 90 days. The person named must apply to the court for a permanent appointment, and the court decides based on the child's best interests.Have y...

The answer to this question lies in the answer to another question.  How did you take title to the property at the time of the purchase?If you took it in your own name, then it is simply an asset to be dealt with in the administration of the Estate. In the absence of a Will, the Province of Ontar...