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January 2020 Archives

What happens to joint property if one owner has debts?

Even British Columbia residents who do not yet have an estate plan often understand the utility of having one. Making sure that surviving loved ones receive the inheritance they intend requires careful planning, but even with it, some obstacles could arise. For instance, what happens to joint property prior to death could derail the best-laid plans if a joint owner has unpaid debts or too much access to the asset.

Estate litigation may protect the rights of common law partners

A common law spouse is someone who has lived with a partner as if married for a certain period of time. British Columbia law allows those in common law relationships many of the same rights as married couples have, including those rights to inherit property after the death of the partner. However, claiming these rights can be complicated, and it should not be surprising when it leads to estate litigation.

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