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Passing down real estate to loved ones gets more complex when the property lies across international borders. Unlike domestic transfers, international real estate transfers involve navigating different legal systems, tax obligations, and reporting requirements. Luckily, there are legal structures and tax strategies that can minimize the complications and ensure that your property passes smoothly to your heirs. 02 May
  • by Estates Gone Wrong
  • Curated Content, Property Pitfalls

How to Pass Down Real Estate Across Borders Without Tax Nightmares

If you are considering adding someone to the title of your home for estate planning purposes, it is essential to seek professional guidance in order to mitigate the risks of doing so... 16 Apr
  • by Estates Gone Wrong
  • Curated Content, Property Pitfalls

How Using Joint Tenancy as an Estate Planning Tool Can Go Wrong

There can be sentimental reasons to keep inherited real estate, but —unless you plan to use the property personally— you should ask yourself: would you buy that real estate with an equivalent amount of cash? 17 Mar
  • by Estates Gone Wrong
  • Curated Content, Property Pitfalls

Inheriting Real Estate: Ask Yourself “Would You Buy it?”

Holding Assets & Accounts Jointly with Your Kids: Know the Risks 24 Feb
  • by Estates Gone Wrong
  • Common Mistakes, Curated Content

Holding Assets & Accounts Jointly with Your Kids: Know the Risks

Michigan has its own unique set of rules when it comes to estate planning, and knowing these can help you safeguard your family’s future. 19 Feb
  • by Estates Gone Wrong
  • Curated Content, Related Resources

Easy Estate Planning Tips for Michigan Residents

Home Ownership: Joint Tenants vs Tenants in Common | There are three main ways that a homeowner can own a home, and the way title is held dramatically affects their estate and heirs... 04 Feb
  • by Estates Gone Wrong
  • Curated Content, Property Pitfalls

Home Ownership: Joint Tenants vs Tenants in Common

If you and your siblings are on track to one day inherit your parents’ home, take heed of this cautionary tale, and learn how to avoid the same fate. Does this man owe his siblings anything more? All the experts to share their take on the situation. 16 Jan
  • by Estates Gone Wrong
  • Curated Content, Property Pitfalls

Inheriting a Home With Your Siblings: What Can Go Wrong?

Property owners who have used joint ownership as an estate planning tool to avoid the cost and delay of probate will need to revisit their plans in light of this decision. 16 Dec
  • by Estates Gone Wrong
  • Curated Content, Property Pitfalls

Court Ruling Upsets Commonly-held Interpretation of Joint Tenancy

Dealing with property matters after the loss of a loved one can be overwhelming. Learn how to navigate Ontario's survivorship application process effectively with this comprehensive guide. 28 Nov
  • by Estates Gone Wrong
  • Curated Content, Related Resources

Guide to Completing a Survivorship Application in Ontario

What to Do if You Inherit a House with a Mortgage | Curated Content | Property Pitfalls | Real Estate | Inheriting Debt | Estates Gone Wrong 27 Aug
  • by Estates Gone Wrong
  • Curated Content, Property Pitfalls

What to Do if You Inherit a House with a Mortgage

Renouncing an Inheritance: an Inherent Right | Inheriting a House | Property Pitfalls | Real Estate | Family Disputes | Estates Gone Wrong 18 Jun
  • by Estates Gone Wrong
  • Curated Content, Property Pitfalls

Renouncing an Inheritance: an Inherent Right

Sibling Living in Inherited Property: Refuses To Sell 01 Jun
  • by Estates Gone Wrong
  • Curated Content, Property Pitfalls

Sibling Living in Inherited Property: Refuses To Sell

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Recent:

A will is intended to provide clear instructions about the distribution of a person’s property after death. But what happens when an important clause is missing? This recent Ontario court case is a useful reminder of the difficulties that can arise...

What Happens When a Will is Missing an Important Clause?

In many cases, an executor’s first instinct is not to call a lawyer. It is to ask Google. The problem? Google can provide thousands of answers, many of which are incomplete, inaccurate, or based on another jurisdiction. Executors need practical guidance tailored to the particular estate they are administering.

Cautionary Guidance for Executors: Google at Your Own Risk!

Many people hear “executor” and think it means reading the will and writing a few checks. In reality, executors can face personal liability. Find out exactly what you're agreeing to, before you agree...

Agreeing To Serve As Executor: Not As Simple As It Sounds

Holograph wills and codicils are often viewed as a simple and inexpensive way to record testamentary wishes. Ironically, the very simplicity that makes holograph codicils attractive can also make them extraordinarily vulnerable...

Ontario Case Study: The Hidden Risks of a DIY Codicil

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