Transfer of Family Farm – do you need to pay stamp duty?
When you transfer real estate, stamp duty must be paid by the person receiving the land unless an exemption applies. The transfer of all or part of a family farm may be exempt from stamp duty if the transfer meets certain conditions relating to the land, the transferor and the transferee: The land must be…
Parent to child property loans – A Guide for Parents
If you want to provide financial support to your child to buy a house there are some things to think about before you part with your money. We recommend you speak to one of our lawyers about your situation before you give financial assistance to your child. It is important to have an independent lawyer…
Transfer of shares upon death
Question: “I jointly own shares with my deceased husband. In his Will, my late husband specified that upon death his shares should go to me. How do I get the shares transferred to me?” Jointly owned shares In the event of the death of a joint tenant, ownership will pass to the surviving owner without…
When you should revisit your Will
If any of the below happens, make sure you revisit your Will! If you marry, your marriage revokes your Will unless the Will is expressed to be made in contemplation of that marriage. Consult a solicitor about your Will if you decide to marry. Entering a domestic partnership or personal relationship can affect your Will….
Property you cannot give by Will
You may be surprised to learn that not all property can be given in a Will! We have prepared a list of property that may be excluded from your estate so that next time when you plan changes to your Will or want to draft a new one, ask your lawyer about it! (a) Jointly…