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Thursday, June 7, 2012

Severing joint tenancy

Even though I'm a wills lawyer, not a real estate lawyer, I receive questions from readers almost on a daily basis about joint tenancy and tenancy-in-common. This topic is important from an estate planning perspective, because anyone making a will obviously needs to understand exactly what he owns and how the method of holding the title affects him.

One of my favourite blogs to read, http://www.allaboutestates.ca/, has a new posting that gives quite a bit of detail about how joint tenancies can become tenancies-in-common, a process that is called 'severing' the joint title. The post covers a recent decision of the Ontario court of appeal which summarized the three ways in which joint tenancies can be severed. Those of you looking for more information on this topic should definitely check out the blog post by clicking here.

I should also point out that in some provinces, the land titles office or registry procedures manual is available online. Some of those links are available here on my site. I know the idea of reading a procedures manual is daunting, and it doesn't sound like the most exciting reading, but it can be a really good source of straightforward information that answers those "how do I do this?" questions.

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