A joint tenancy does not necessarily avoid probate!
#Canada Ontario Province[Hot Topic]## Recently, when I met many customers who came to handle the handover of buying a house, they voluntarily asked to share the real estate with their children. The purpose of the house is for self-occupation. After going through the probate process of the court, I want to add the child’s name to the house. Joint tenancy does mean that in the event of an accidental death of one party, the real estate will automatically belong to the remaining joint tenants, but there are exceptions to this rule, which you may have overlooked~ that is, the real estate cannot be a wedding house! It cannot be the child’s wedding room, nor can it be the parents’ wedding room~~ Otherwise, the exceptions to the wedding room will apply!
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