Who Gets To Keep Monetary Gifts Given to Married Children, And Used To Pay A Mortgage, After A Divor
If a parent gives a married child money is the spouse* entitled to keep half of the money when the marriage breaks down? The answer,...
Employing A Family Member - A Cautionary Tale
For a small business owner, filling employee requirements often begin by hiring family members or friends. This can benefit both the...
Close-Knit Family Home Ownership - A Cautionary Tale
The current housing market of Canada's largest cities makes home ownership an unrealistic dream for many people. One of the ways of...
Purchase v Gift: Inter-generational Wealth Transfer Is Cautionary Tale For Lawyers
A recent Ontario Court of Appeal decision provides a cautionary tale for lawyers who provide estate planning and tax restructuring advice...
Legal Considerations When Helping Your Kids With A Down Payment
Many parents help their offspring purchase a home by providing funds for a down payment. If that home is the primary dwelling of a...
Common Law Spouse Not Mentioned In Will; What Now?
Almost everyone expects that, absent separation or estrangement, a married spouse is entitled to share in his or her deceased spouse's...
Will An Adult Child Be Compensated For Caring For An Incapacitated, Elderly Parent?
For many, aging is accompanied by weakened bodies and minds. In many cases, an individual becomes incapable of caring for himself or...
Is Investing Your Inheritance In Your Home Wise?
When a marriage ends, a couple's assets that were accumulated during the marriage, are generally divided equally and split between the...