The “Bare” Minimum? Or Just Enough?
Posted on April 27, 2022
By: Kiran K. Dhesa
A common goal for individuals when creating their estate plan is to avoid having assets pass through their estate. This may be to reduce probate fees, or to reduce the number of assets that could become tied up in a wills variation claim. One solution to prevent assets from passing through an estate, which comes with pros and cons, is transferring property (real estate, bank accounts, etc.) into joint names with another person or other people, usually the intended recipient(s) of the asset.
Read Kiran Dhesa’s full article published in CBABC’s BarTalk here.