Please proceed with the answers that apply to Canadian Law.
It sounds like that while my mother is still alive it would be prudent to keep the condo in her name. Otherwise we would be subject to capital gains for the time that both my mother continues to Live and the Condo appreciates. I believe my sister is possibly interested in either
a title change or a reverse mortgage. So Far I am opposed to both.
I do not want the value to be drained from the condo. Can you offer any positive upside to change title now?
Supposing that when my mother dies and I choose to let my sister remain in the condo, can you suggest some fair ways for me to be compensated?
For example : would she pay me some rent or give up her share of the inheritance if she stays there for years? any suggestions?
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You're replys have been very helpful.