When it comes to estate planning, joint ownership is one of the most used tools. By holding a capital asset jointly with another person, property can automatically transfer to the surviving joint owner after the first owner's death. Joint ownership can be used to...
As people age, it is typical to think about estate planning as a means of protecting themselves and their family. However, it is common to question what happens to debts owed by the deceased, and if family members are responsible for inheriting the debts. In this...
Buying a home is a big decision, and sometimes, buyers change their mind. Fortunately, in British Columbia, home buyers have a right to rescind their offer within a specified period. It's important to understand the rescission period fully, so you know your rights and...
Your will is an essential document that outlines who will take care of your dependents and how your assets will be distributed when you're no longer around. Many people avoid thinking about this topic as it reminds them of their own mortality. However, it's crucial to...
If you have ever bought or sold a property, you must be familiar with the concept of making a deposit. Deposits ensure that all parties involved in the transaction are committed to the deal, and it also plays a crucial role in closing the sale. However, many people...
Real estate transactions are complex and often require lengthy contracts to ensure all parties involved agree to the terms and abide by them. However, unforeseen events can make it difficult or even impossible for the parties to fulfill their obligations. In such...