Proceed with caution when planning to avoid probate fees

We've talked about the pros and cons of putting parents' assets in joint names with the children a number of times on this blog (and we will again). This new blog post from http://www.allaboutestates.ca/ discusses the fact that when property is put into joint names, the tax imposed on a beneficiary in the long run can actually be more than the amount saved on probate fees. Click here to read the article.