Sentences with phrase «into joint ownership»

So, as many second homeowners are closing up their family retreats for the season, it might be a good idea for those at or nearing retirement age to think about how they might pass the asset down to the next generation — especially when multiple children and their spouses will be entering into joint ownership.

Putting your non-marital property into joint ownership with your spouse may also be considered as a gift to the marriage.

Not exact matches

Shares in Minbos Resources surged on news it has entered into an agreement to sell half of the company to joint venture partner, Petril Projects, in exchange for full ownership of the Cabinda phosphate project in Angola.

In order to get their fare paid and to preserve part ownership in the project they went into a voluntary joint stock company.

Joint ownership offers numerous benefits, but there are underlying issues to take into account.

However, if you deposit money into different ownership categories — such as single and joint accounts — your deposits in each category are insured separately.

Perhaps you should also take into account that you both will probably sign for the HELOC, (due to the joint ownership of the house,) so, you are also eligible for the tax deduction, as long as you also have some investments.

A spouse can convert separate property into marital property by changing title from individual to joint ownership during the marriage, in which case a court would presume that the spouse intended to make a gift of the property to the marriage, and will treat the property as jointly owned.

A spouse can convert separate property into marital property by changing title from individual to joint ownership, in which case a court would presume that the spouse intended to make a «gift» of the property to the marriage.

A spouse can change separate property into marital property by changing the title into a form of joint ownership, effectively making a gift to the other spouse.

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.

An exception exists if you muddied the waters of your separate ownership, such as if you titled a particular asset in joint names or deposited your separate money into a joint marital account.