Capital gains, taxes and more: The implications of inheriting real estate
There are tax, estate and other implications when inheriting real estate, even from family.
Estate Planning
Is a name change on a will a game-changer?
Creating a will is a good thing to do. It dots the Is and crosses the Ts. But what...
How does an executor pay estate expenses during the probate process?
An executor is expected to pay the expenses of an estate on time, but what happens if the estate...
Are you entitled to anything when your ex-spouse dies?
Ginette wonders if she can claim survivor benefits although she and her late former husband were no longer together.
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What happens to real estate when a spouse dies and property isn’t held jointly?
Barb’s mother is living in a house that was owned by her deceased father, and remains in the name...
Questions about real estate, family, finances and more
Three situations: Renovating a cottage to build an inheritance, adding names to a property and understanding capital gains. And...
Estate planning changes in Ontario
Virtual signing and remote witnessing are now permanent options for clients and lawyers creating wills and powers of attorney...
How to stop debt or pension payments after someone has died
Jarnail’s son passed away recently, yet his student loan payments continue to be withdrawn. What should his next steps...
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What are the tax consequences of real estate joint ownership when one owner dies?
It can get complicated, especially if the surviving owner resides overseas—where that country's tax laws may apply as well.