The Indelible Bonobo Experience

Renaissance Monkey: in-depth expertise in Jack-of-all-trading. I mostly comment on news of interest to me and occasionally engage in debates or troll passive-aggressively. Ask or Submit 2 mah authoritah! ;) !

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For a couple on their second marriage, a better option may be a tenancy-in-common ownership solution where the couple choose the ownership split on a property. Each parent can then have their share of the property go to whoever they want, including children from a previous marriage. (via Estate planning: Who gets the house? | Inheritance | Retirement | Personal Finance | Financial Post) Here’s what I had to say: It’s surprising that the article does not mention the rather counter-intuitive Succession Law Reform Act with its “in loco parentis” provision. It essentially allows a judge to rewrite the Will, Marriage Contract and everything else a late parent in a second marriage may have created (on lawyer’s advice, obviously) and cause the parties, by being so arbitrary, to fight to their financial ruin. Cui bono(bo)? The Estate Litigation industry is probably the most vile and corrupt, second only to Family Law. There’s a lot more to be said here..

For a couple on their second marriage, a better option may be a tenancy-in-common ownership solution where the couple choose the ownership split on a property. Each parent can then have their share of the property go to whoever they want, including children from a previous marriage. (via Estate planning: Who gets the house? | Inheritance | Retirement | Personal Finance | Financial Post)

Here’s what I had to say:

  • It’s surprising that the article does not mention the rather counter-intuitive Succession Law Reform Act with its “in loco parentis” provision. It essentially allows a judge to rewrite the Will, Marriage Contract and everything else a late parent in a second marriage may have created (on lawyer’s advice, obviously) and cause the parties, by being so arbitrary, to fight to their financial ruin. Cui bono(bo)?
  • The Estate Litigation industry is probably the most vile and corrupt, second only to Family Law.
There’s a lot more to be said here..
Posted in law litigation ontario canada estate planning justice will testament || home