A JTWROS can only be established if the owners acquire the property at the same time, have the same title on the asset(s), have an equal share in the property, must have the same right to possess the entirety of the assets. This agreement avoids probate but does not allow ownership to...
Jack's other child, Jane, lives in Halifax, and does not use the property at all. Upon Jack's death, title to the property can be placed directly in Jill's name. This may mean it bypasses the estate and avoids B.C. probate fees of about $14,000 (given the top ...