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Joint tenancy. Region: Ontario Answer # 152. If you own property with another person as “joint tenants,” then on your death, the surviving joint owner acquires your interest in the property automatically by a process called “right of survivorship.”. This means that your interest in the property will pass outside your estate to the joint ...
In the case of joint tenancies, each joint tenant is deemed to own the same percentage of interest in the property. For example, if there are two joint tenants, each owns 50%, if there are four joint tenants, each owns 25%. This is not the case with tenants in common.
Mar 1, 2021 · Dying without a Will can create problems for those you leave behind. First, your property will be divided according to the law, which may not be the same as how you would have divided it. Second, there will be extra time delays and expenses involved in wrapping up your affairs, and the court will have to appoint someone to act as your personal ...
A Power of Attorney for Property is a written document in which you give someone the power to make decisions about your property and finances if you become unable to make these decisions yourself. For example, your Attorney for Property could be responsible for taking care of your banking matters, managing your investments, running your business, buying and selling real estate on your behalf ...
A Power of Attorney for Property is a written document that allows someone else to make decisions about your property and finances. Many people incorrectly believe that if they are unable to make decisions about their property or financial matters, their immediate family can do it for them. Unlike personal or health care decisions, the law does not permit family members to have automatic ...
Answer # 1170. If you are not provided for in the Will of a family member or a close friend, you may want to consider challenging, or contesting, the validity of the Will. Contesting a Will means applying to the court to have the Will deemed invalid. The type of application you must make depends on whether the Will has been probated.
A Power of Attorney for Property takes effect as soon as it is signed and witnessed, and can be revoked at any time provided you are mentally competent. When does it take effect? If you do not want your Power of Attorney for Property to take effect immediately, you must specifically state in the Power of Attorney that it will take effect on a later date. For example, if you want the Power of ...
A tenant with a lease is responsible for paying the rent up-to the end of the lease. Tenants who want to move out before the end of the lease, normally have the option to sublet or assign their unit, which means the new tenant will be responsible to pay rent for the remaining months of the lease. If you are having trouble with your tenant or your landlord and would like help, Subletting ...
Smoke-Free Ontario Act, 2017 (SFOA) Ontario’s Smoke-Free Ontario Act, 2017 regulates where it is prohibited to smoke or vape in the province. Laws relating to your health can involve many issues including privacy law, discrimination, human rights and malpractice. To get help, ask a lawyer now.
Answer # 0123. If you are living in a common-law relationship, you will have a number of rights and obligations arising under family law. These include child custody and child and spousal support, as well as rights to property. Common-law rights can be complex. To get help, ask a lawyer now.
