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Thursday, September 22, 2011

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.

1 comment:

  1. Nice blog and the post are very interesting to read that gives lots of information.

    ReplyDelete

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