Title Trumps:  The Effect of Placing a Property in Joint Tenancy
201705.26
0

Title Trumps: The Effect of Placing a Property in Joint Tenancy

Griffith v Davidson, a recent Ontario Superior Court of Justice decision, has confirmed that placing a property in joint tenancy means sharing the property equally on relationship breakdown.  The question before the court (on appeal from an arbitration) was whether the common law wife held the property on resulting trust for the common law husband,…

Protecting Gifts and Inheritances in Family Law
201705.11
0

Protecting Gifts and Inheritances in Family Law

  In Ontario, marriages are deemed to be a form of economic partnership. As such, at the end of the marriage, under Ontario law, the spouses have a right to share in the wealth generated during the marriage. This is accomplished by a process called equalization under the Family Law Act (“FLA”). Equalization is a…

Is it a GIFT or a LOAN?
201609.08
0

Is it a GIFT or a LOAN?

Buying property is expensive. Nowadays, many first time buyers are assisted by the kind contribution of parents or in-laws. If someone in your family is generous enough to provide you with funds, make it clear whether these monies are a gift or a loan. It can make a difference down the line if the marriage…