The Unintended Consequences Of Joint Tenancy (Mistake/Traps)

Joint tenancy is one of the most common way of estate planning in order to reduce probate fees. However, the actual application is a lot more complicated than it seems and many people create unintended consequences due to poor planning. This video will look at both a hypothetical and real case in court where joint tenancy is mishandled.


This is not financial advice!

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▼ Time Stamps

[0:00] Start
[0:59] Joint Tenancy & Its Unintended Consequence
[5:24] How We Could Have Done Better?
[6:16] Further Problem With Joint Tenancy
[7:39] Zeligs Vs Janes Joint Tenancy Court Case

▼ Useful Links:

Unintended Consequences of Joint Tenancy Article: https://www.advisor.ca/tax/estate-planning/unintended-tax-consequences-of-joint-tenancy-with-a-right-of-survivorship/

Zeligs vs Janes Court Case: https://onyxlaw.ca/joint-tenancy-right-survivorship/#:~:text=Severing%20joint%20tenancy%20extinguishes%20the,thus%20extinguishing%20her%20survivorship%20rights.


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