Blog
What if I die without a Will?
Most people think that they don’t need a Will because they don’t own much. Others think that the government will get it all. So, are these beliefs correct? Yes and No. First, there are many other reasons to prepare your Will besides transferring your estate – such as...
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Should I avoid the Probate fee by adding my child on the title?
While Joint tenancy works great in a marriage situation, when adding a child on title - it can create various complications: Capital Gain & Income Tax Burden (The 50% interest in the property transferred to a child is deemed to have been sold at its fair market...
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Joint Tenancy Part 4 of 4: Traps of using Joint Tenancy in Estate Planning
Part 4 of a 4 part series: Joint Tenancy can be a very efficient Estate Planning Tool, but beware of its traps! Make sure you consult a Notary Public before making any decisions regarding Joint Tenancy. Probate Fees One of the common statements my clients...
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Joint Tenancy Part 3 of 4: Joint Tenancy & Probate Fees
Part 3 of a 4 part series: Estate planning decisions are very important but are not always simple. Using joint tenancy to avoid probate fees can sometimes bring complicated problems. They may have been told that it is a good idea to add their child or all of...
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Joint Tenancy Part 2 of 4: Joint Tenancy VS Tenancy In Common
Part 2 of a 4 part series: The importance of Joint Tenancy in the Estate Planning & Real Estate matters – Joint Tenancy,Tenancy In Common and preparing your will. Last month, our topic was the three types of property ownership and how each of them have...
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Joint Tenancy Part 1 of 4: Who owns your home?
Joint Tenancy and other types of Property Ownership (Joint Tenancy, Tenancy in Common and Tenancy in Entirety) When clients come to me to discuss estate planning or when they buy a property together with their spouse or other person, one of my first questions...
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Writing Your Will is Only One Piece of Your Estate Planning Puzzle
The majority of my “Wills clients” approach me with one single most common phrase: “I just need a simple Will.” And, from my experience (after drafting more than 1,000 estate planning documents) I can tell you that there is no such thing as a “simple Will”. I’m...
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Why You Don’t Really Need a Will….
Since sometimes it’s hard to demonstrate why people need to write their Wills, here are some of the reasons why you don’t really need a Will: Since you don’t care about those people who will outlive you, why should you care about providing for them? Since our...
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