Archive for the ‘Joint Tenancy’ Category

A Gift or not a Gift? That is the Question

Wednesday, August 24th, 2016

Many people transfer assets to an adult child, but they often do not clearly express why they have done so. The transfer may be meant as a gift, a way of avoiding probate fees, or to simply allow access to a bank account so that their child may help manage ...

Principal Residence Exemption and some of the “What if’s”

Tuesday, July 26th, 2016

In my last blog, I wrote about the role of “beneficial” ownership in the determination of whether a property qualifies for the principal residence exemption. With an acknowledgment to Keith Masterman of “”, I thought I would take the opportunity to write about some other “what if’s” and how the exemption ...