tag:blogger.com,1999:blog-436024129575354145.post3197544052081010327..comments2024-03-24T04:54:52.124-07:00Comments on Estate Law Canada: More updates to Alberta Probate KitLynne Butler, BA LLBhttp://www.blogger.com/profile/09790353197833765108noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-436024129575354145.post-38628619241664883182015-11-16T19:55:25.764-08:002015-11-16T19:55:25.764-08:00Hi Constantine,
I assume that when you say you ha...Hi Constantine,<br />I assume that when you say you have named beneficiaries, you have done more than simply tell the beneficiaries about your intentions. I hope you mean that you have named the beneficiaries right on the TFSA and RRSP documents themselves, at the bank or financial advisor. Just telling the beneficiaries won't do a thing.<br /><br />You should have a will to dispose of your Lynne Butler, BA LLBhttps://www.blogger.com/profile/09790353197833765108noreply@blogger.comtag:blogger.com,1999:blog-436024129575354145.post-81672218555841352962015-11-16T19:50:51.913-08:002015-11-16T19:50:51.913-08:00Certainly you can buy your brother out if he agree...Certainly you can buy your brother out if he agrees to that. Yes, you can avoid paying realtor fees if there is no realtor involved. If by "real estate taxes" you mean land titles registration fees, no you can't avoid them. Nor can you avoid property tax. <br /><br />If you are talking about capital gains tax, there isn't any when the condo transfers from your mother to the twoLynne Butler, BA LLBhttps://www.blogger.com/profile/09790353197833765108noreply@blogger.comtag:blogger.com,1999:blog-436024129575354145.post-82531825873405547782015-11-16T17:09:36.998-08:002015-11-16T17:09:36.998-08:00Hi, Great site. I have an unrelated question: I am...Hi, Great site. I have an unrelated question: I am executor of my mother's will and my brother and I are co-beneficiaries. I am thinking of taking ownership of my mother's condo (which was solely in her name) - that is, buying my brother out. If I do this, can I skip paying realtor fees and real estate taxes? I would get a proper assessment of course.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-436024129575354145.post-49418597348553653792015-11-16T16:20:19.660-08:002015-11-16T16:20:19.660-08:00Hi, my name is Constantine from Guelph, ON. Hope t...Hi, my name is Constantine from Guelph, ON. Hope things are well. I am a single person, with no dependents. I have named beneficiaries (institutions, that I have already informed about my intentions) for both my TFSA and RRSP.<br /> Do I need a will to make sure that the TFSA and RRSP will go to the beneficiaries ?<br /> What are the tax implications in these transitions ? <br />thank you, Constantine Shttps://www.blogger.com/profile/02754411354655044267noreply@blogger.com