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Is it a good idea to put assets in joint names with a child for instance, to save on probate fees?

Often, no it isn’t. This exposes the assets to claims by the child’s creditors, compromises the control you have over the assets, and can undermine the balance established in your will, because the other joint owner ordinarily will become the owner of the assets on your death.

Brantford Office

20 Wellington St., P.O. Box 1510
Brantford, ON N3T 5V6
t 519.759.6220
f 519.759.8360
law@waterousholden.com

Paris Office

7 William St.
Paris, ON N3L 1K6
t 519.442.5571
f 519.442.5567

Proudly Serving our community for over 90 years

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