Sentences with phrase «into joint tenancy»

While repeating the complicated chain of events including multiple Wills and property acquisitions in the Niels [4] case are beyond the scope of this article, the nub of the matter was that the deceased transferred her property into joint tenancy with her son and daughter in law.

Further, the subsequent arrangements after the transfer into joint tenancy between her son and daughter - in - law with respect to the property did not have the effect of severing the joint tenancy and creating a tenancy in common.

There is a presumption that when one person transfers title to property gratuitously into the name of another (including into a joint tenancy) the transfer is not a gift, but the person receiving an interest in the title gratuitously, holds the title in trust (known as a resulting trust) for the transferor during her lifetime, and for her estate after death.

What happens is that a parent who was the sole owner her own house or bank or investment account transfers the house or account into a joint tenancy with one of her children.

The Court of Queen's Bench finds that, upon his death, Bill no longer owns an interest in the house, as a result of having entered (along with Jean) into joint tenancy with a right of survivorship.

A common estate planning technique to avoid probate tax is for a parent to transfer his or her house into joint tenancy with one of his or her children.

Having transferred the house into joint tenancy with Helen, the house would no longer form part of Kay's estate (because it passed by way of survivorship to Helen).

In or around 2011, while Eric was his mother's primary caregiver, he transferred most of her assets into joint tenancy with himself.

The deceased mother transferred her house into joint tenancy with her daughter in 2001.

A transfer of stock into joint tenancy (or a transfer out of joint tenancy, provided it goes back to the employee who exercised the ISO).

Not exact matches

The recent case of Dheenshaw v. Gill dealt with a gift that had been used to buy one house and then later traced into the purchase of a second home placed in joint tenancy.

Slipping a joint tenancy clause into a deed could deprive an unknowing spouse of community property rights.

«It is not essential that the party requesting a severance establish that the co-owners» conduct falls into a formulation found to have had the effect of severing a joint tenancy in other cases.

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.

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.

There was nothing inherently unsound in the concept of using discretionary nil rate band will trusts to enable both nil rate bands to be used, or in severing the joint tenancy of the family home to provide an asset to go into the will trust on first death.