Sentences with phrase «into joint names»

For these reasons, many older individuals consider placing bank accounts into joint names with an adult child.

Are you contemplating putting property into joint names, or making a significant payment towards a joint mortgage?

If you aren't willing to lose that exemption, do not put the asset into joint names or towards a joint debt.

The man stated he had deliberately made an excuse not to put the home into joint names because he never intended it to be so held.

l The conveyance into joint names created joint beneficial interests, and the parties had agreed that when they separated they had equal interests.

On the other hand, in respect to the real estate that was also put into joint names as joint tenancy because the husband indicated on the transfer of ownership to he and his wife that it was being done for «natural love and affection» (to avoid land transfer tax among other things) the wife retained her 50 % ownership interest of the real estate.

Separate property which has been placed into joint names during the marriage may be transmuted into marital property.

As well, recent decisions of the Supreme Court of Canada have changed the law regarding the transfer of property by a parent into joint names with their child.

In Sillett & Lowe v Meek [2007] EWHC 1169 (Ch), [2007] All ER (D) 248 (May), the deceased (Mrs W) had transferred an investment account into joint names with the defendant (Mrs M) two years before her death.

The result, therefore, is that there are often transfers of land into joint names with no express declarations of the beneficial interests.

It is worth re-considering the principles established in Stack: l A conveyance into joint names indicates both a legal and beneficial joint tenancy, unless and until the contrary is proved.

The presentation was pretty wide - ranging, but if there was one point I wanted to drill into the non-family lawyers it was not to be casual about putting title into joint names for people buying property.

In Stack, the home purchased was conveyed into joint names, with Ms Dowden contributing significantly more.

Hello, as per article on Matrimonial Property Act exemptions and regarding the following excerpt from the article as follows:,,,,,, «According to a case called Harrower v. Harrower, if you put those assets into joint names, there is a presumption that you intend to give half of it to your spouse.

In my judgment, the conveyance into joint names, following Stack v Dowden created joint beneficial interests, and the parties agreed that when they separated they had equal interests.

In Holtby v Draper et al [5], a husband transferred a farm business and real property into joint names with his second wife in a hope to avoid creditor claims by his first wife and other potential civil claims by a couple of third parties.

She claimed her partner had led her to believe she was entitled to an interest in it when he told her he would have placed it in joint names but for her age, and he suggested he would put it into joint names in the future.

Wall LJ said: «In my judgment, the conveyance into joint names... created joint beneficial interests, and the parties agreed that when they separated they had equal interests.

Interestingly, the individual who was unduly influenced had received independent legal advice regarding the transfer of the property into joint names.

According to a case called Harrower v. Harrower, if you put those assets into joint names, there is a presumption that you intend to give half of it to your spouse.