When a parent registers title to a home in joint names with a child, and the family relationship later breaks down, the results can be unhappy — and expensive — for all concerned. Two years later, at 87 years of age, he transferred title of the condominium into joint names with right of survivorship with his son, John. Stubbings received no payment for the transfer. By transferring the property title into joint names with his son, ownership would automatically pass to John on Stubbings’ death without payment of probate fees. In the year following the transfer, the relationship between father and son deteriorated, and they stopped communicating with each other.

Source: thestar March 03, 2018 13:52 UTC