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If my sister bought me out of my moms cottage after my mom
if my sister bought me out of my moms cottage after my mom passed away, am I know obligated to pay half the tax on the cottage … read more
Debra
Debra
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I am wondering how my dad can transfer his 50% interest in
I am wondering how my dad can transfer his 50% interest in our family cottage into my name with the least amount of tax implications possible … read more
Debra
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Our cottage is in my husband's name only, if he dies will I
Our cottage is in my husband's name only, if he dies will I have to pay capital gains. would it be better if it was in both our names. We have a primary residence in both our names … read more
Debra
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My grandmother passed away in 2004. Her named executors and
My grandmother passed away in 2004. Her named executors and trustees were my father and his three sisters, who survive her seven days or the survivor(s) of them. My father and his sisters have now all… read more
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If my sister transfers her share of real property to me,
If my sister transfers her share of real property to me, it's my understanding that my sister must pay taxes for revenue equivalent to the fair market value of her share of the property.In the situati… read more
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Parents have property& cottage in Ontario Canada. Parents,
Parents have property& cottage in Ontario Canada. Parents, children and grandchildren are all US citizens. We need estate planning and tax advice. Is a Canadian will needed to leave property to the ch… read more
Debra
Debra
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Doctoral Degree
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My family owned a cottage at Lake George Nova Scotia. It was
My family owned a cottage at Lake George Nova Scotia. It was left to my sister and myself in our fathers will. She sold the property without my knowledge or consent. I've not received my half of the s… read more
Debra
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My sister and I have power of attorney on my mother's estate.
My sister and I have power of attorney on my mother's estate. For tax reasons when should we start drawing money from her estate?… read more
Debra
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Doctoral Degree
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I am my mothers executor. She died Nov 2012. In her will she
I am my mothers executor. She died Nov 2012. In her will she stated that I could buy her cottage in Ontario for $100,000 less than value. I purchased her cottage in 2010 with a clear deed. My brother … read more
Debra
Debra
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Doctoral Degree
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Both parents passed away, father June 2010, mother April 2012.
Both parents passed away, father June 2010, mother April 2012. They were tenants in common and clearly specified the division of their primary residence and their cottage. My father's will was not pro… read more
Debra
Debra
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Doctoral Degree
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I am a U S citizen and have a home in Michigan for 45 years.
I am a U S citizen and have a home in Michigan for 45 years. My husband and I purchased a cottage on Manitoulin Island in 2000. My husband died in 2005 but I go to the cottage every summer and love it… read more
Debra
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Doctoral Degree
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My 79 year old mother owns a cottage which is considered her
My 79 year old mother owns a cottage which is considered her permanent residence. In the event of her death, the cottage will be left to the three daughters. What inheritance tax, if any, would be app… read more
Debra
Debra
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Doctoral Degree
91,094 satisfied customers
If my dad adds three of his children to the deed of his cottage
If my dad adds three of his children to the deed of his cottage in ontario, and they are all American citizens, including himself.....when, and how much capitol gains is triggered, and who is responsi… read more
Debra
Debra
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Doctoral Degree
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This question is related to my first information request. My
This question is related to my first information request. My brother-in law has terminal cancer and is part owner of a cottage with his sisters. There is no Will and no joint ownership with his wife. … read more
Debra
Debra
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Doctoral Degree
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My elderly mother wants to transfer her land and house in Newfoundland
My elderly mother wants to transfer her land and house in Newfoundland to her children. We all live in Ontario. This is her only asset. We are considering setting up a trust to hold the land as it is … read more
Debra
Debra
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Doctoral Degree
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Are quit claims on property recognized in Ontario Also, would
Are quit claims on property recognized in Ontario? Also, would the remaining property owner have any financial responsibility re: capital gains if the property were not being sold?… read more
Debra
Debra
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Doctoral Degree
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Hello, My grandmother is the sole owner of a cottage on
Hello, My grandmother is the sole owner of a cottage on Lake Huron (Ontario) in Canada that has been in our family since 1916. There is no mortgage on the cottage and it is valued at roughly 700-900k … read more
Debra
Debra
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Doctoral Degree
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Dear LawyerProfessor My father passed away June 1/09. We
Dear LawyerProfessor My father passed away June 1/09. We were not close but have a younger sister who stayed very close. Dad put all his assets in both his and my sisters name not long ago. My sister … read more
Ulysses101
Ulysses101
Litigator, Barrister and Solicitor
LLB
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