What are the taxes on transferring real estate to your kids?
Joan and her partner own the condo her son lives in, but they want to transfer ownership to him....
Estate Planning
Capital gains, taxes and more: The implications of inheriting real estate
There are tax, estate and other implications when inheriting real estate, even from family.
Is a name change on a will a game-changer?
Creating a will is a good thing to do. It dots the Is and crosses the Ts. But what...
How does an executor pay estate expenses during the probate process?
An executor is expected to pay the expenses of an estate on time, but what happens if the estate...
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I cosigned a motorcycle loan and the owner passed away: What are my obligations to the bank?
A Certified Financial Planner helps a reader understand their obligations—and their options—after cosigning on a loan.
What are the fees for becoming a joint tenant on a parent’s property?
In becoming a joint tenant, what are the costs associated with it? What impact would a death have on...
Questions about real estate, family, finances and more
Three situations: Renovating a cottage to build an inheritance, adding names to a property and understanding capital gains. And...
Battle of the wills
Jack’s mom promised him a share of the family estate. But because she passed away before his father, can...
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Wording a will to cover loans to family can be a hot potato
Even with official documentation, personal loans can cause family friction