TERRY KOERNER-LEPAK

B.A., B. Ed., LL.B

Barrister and Solicitor

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Main Office

50 Piedmont Crescent,

St. Albert, AB  T8N 5E7

Ph:  +1 (780) 455-5553

Fax: +1 (888) 428-0506

 

Transferring ownership of Land:

Adding---There can be instances when you wish to add someone to your title.  For example, if you wish to add your new spouse or an adult child, we can prepare the necessary documents to do this.

Deleting--In the event that you wish to take someone off title, again we can prepare the documents, depending upon the circumstances.

Transmission--when one of the joint tenants passes away, we can assist with preparing the necessary "transmission" form which needs to be sent to Land Titles with a death certificate and title is changes without any problems.

 

Tenancy:  It is important to note that tenancy is very important.  Land can be held by 2 or more persons in "joint" tenancy or "tenants in common".  The difference is as follows:

Joint -- this is usually held by spouses.  They both own 100% so if one dies, the other automatically gets 100% without any wills, or probate or administration.  In fact, jointly held land does not go through the estate at all.

Tenants in Common -- this is not automatic.  If one owner dies, then the deceased's estate is in charge of their share of the land and hopefully a Will has been prepared which dictates which beneficiary the portion of the land goes to.  This is common where a brother and sister hold title.  That way, if one dies, their estate gets their share.

 

 

 

 

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