Today’s post comes from Wagner Sidlofsky LLP, a well-known estate law blog.
The article talks about the importance of creating a contemporaneous evidentiary record of a parent’s intention when gifting property to their adult children.
If a parent places an adult independent child on title to property, there is often a dispute after death as to whether the child was intended to get the property outright, or, hold it for the parent’s estate
The article provides good guidance on what written evidence you should keep if you add your child to a property. It can help avoid a very expensive fight later.
The article by Estate Law Canada can be viewed here.