We receive lots of questions from Realtors and their clients regarding types of tenancy, which prompted us to create a new Tenancy Guide to help people navigate the topic.
When making the decision to add your child to title as a part of your real estate transaction, it is important to understand the legal implications and unintended consequences that could come along with doing so.
Keep in mind, deeds are not a substitute for proper estate planning.
Whether you chose to add your child to title out of the kindness of your heart, or for future safety measures regarding the disposition of your property, you may want to consider the issues discussed in our new Tenancy Guide before moving forward.
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