All assers are in my and my sons name...when i pass does it automatically go to him?

All assets are in my and my sons name... when I pass does it automatically belong to him?


Asked 3 months ago in Toronto, Ontario
Categories: General Legal Questions

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Benjamin O Mbaegbu

Answer by Benjamin O Mbaegbu

Not VerifiedOntario lawyer

Yes, he will be a sole beneficiary of the assets

Posted 3 months ago

Please note that this is for informational purposes only and does not constitute legal advice to you. Legal advice pertaining to your particular situation can only be provided by a lawyer who has met with you to obtain all pertinent background information necessary to give you a formal legal opinion. For formal legal advice, hire a lawyer (many give a free first consultation). Contact Benjamin O Mbaegbu, or search the Lawyer Directory.


Meena Tewari Jham

Answer by Meena Tewari Jham

Not VerifiedOntario lawyer

There are some rules (presumed trust rules) regarding ownership of assets held jointly by parents and adult children in Ontario. We would need more information before guiding you with the possible consequences. You can read about issues with owning joint assets with children on our blog post titled "Five things to consider when drafting a will". If you need guidance with the same, please feel free to call us.

Posted 3 months ago

Please note that this is for informational purposes only and does not constitute legal advice to you. Legal advice pertaining to your particular situation can only be provided by a lawyer who has met with you to obtain all pertinent background information necessary to give you a formal legal opinion. For formal legal advice, hire a lawyer (many give a free first consultation). Contact Meena Tewari Jham, or search the Lawyer Directory.

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