my mother has bought property with my sister, the property was registered in a joint tenancy not in tenents in common. I told them that this would be difficult in the event of our mothers death. my mother has said that she wants her interest in the property to be divided equally among her children and my sister said that she will do that. We believe that this will be a problem in the end. What can we have my mother do now so that in the end all will go as wanted.
Asked 8 months ago in Salmon arm, British Columbia
Categories:
Family Law
 |
 British Columbia lawyer
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Your mother can file a "severance of joint tenancy" at the Land Title Office, a simple filing that does not require the consent of the other joint tenant. The title then becomes a tenancy in common, and at the death of either party the one half interest becomes part of the deceased estate, etc.
Posted 8 months ago
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