David Schooley, Broker
RE/MAX Twin City Realty Inc. Brokerage
Call/text +1 (519) 577-1212 | david@goinghome.ca
Dear David, I’m the executor of a friend’s estate and have been tasked with selling their home, where they lived for 40 plus years. This is a huge undertaking. The house is full of personal items, furniture and collectibles, and I’m not sure which ones are valuable. How do I extract the most value from
Should you pass away without a will, the province of Ontario has the power to decide how your assets will be dispersed and can settle your estate according to its own rules.
The cottage may be grouped with other assets in your estate and funnelled down through your spouse or other beneficiaries.
At this point, your dad will need to decide what the next chapter of his life will look like. First and foremost, he’ll want to consider whether owning this home still makes sense.
Dear David, Should I put my son on title to make it easier when I’m gone? – CONTEMPLATING DEAR CONTEMPLATING: The quick answer is no. If you put your son on title and the property is not his principal residence, he’ll be responsible for paying capital gains on any increase in the value of that