Brian Madigan LL.B., Broker
BRMadigan@Rogers.com

RE/MAX West Realty Inc.,
Brokerage
Independently owned and operated

96 Rexdale Blvd. 
Toronto, Ontario 


Phone: 416-745-2300

Cell: 647-404-8150 
Toll Free: 1-888-507-0817

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Joint Tenancy without the “Statement of Intention” can be Costly

January 19, 2018 - Updated: January 19, 2018

Joint Tenancy without the “Statement of Intention” can be Costly
 

There was an interesting case which recently came before the Ontario Court of Appeal for consideration.
 

At issue was the question of whether or not the individual intended “joint tenancy”.
 

If the answer was “yes”, then the surviving joint tenant received the property. If the answer was “no”, then the property went to the estate.
 

The Court concluded in Jansen v. Niels Estate (2017) that the Judge who decided the case in the first place was correct and joint tenancy was indeed “intended”.
 

An appeal to the Court of Appeal is extremely expensive!
 

For a number of years, since Pecore v. Pecore and Madsen Estate v. Saylor, both cases decided by the Supreme Court of Canada in 2007, lawyers have been preparing a “Statement of Intention”. There’s nothing complicated about it, the document simply indicates that the person truly intends the joint tenant to have the property as their own personally. It wasn’t a transfer “in trust” for others.
 

In this case, eventually, the Court figured it all out but a simple “Statement of Intention” would likely have eliminated all the litigation.
 

Brian Madigan LL.B., Broker

www.iSourceRealEstate.com


Tagged with: joint tenancy survivorship statement of intention
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Brian Madigan LL.B. Broker

RE/MAX West Realty Inc. Brokerage

Independently owned and operated

96 Rexdale Blvd. , Toronto Ontario,

Phone: 416-745-2300

BRMadigan@Rogers.com

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