My common law partner wants me to add their name to the deed in Nova Scotia. What are the risks of doing this?

My common law partner wants me to add their name to the deed in Nova Scotia. What are the risks of doing this?

There are some risks and some benefits when adding an owner to real property in Nova Scotia. People sometimes add their adult children to the deed to property whom they wish to have inherit, to avoid the complication of probate. Because common law partners are not protected by the Matrimonial Property Act (which protects the home that legally married people live in, even if only one of them is on the deed), some people will add their common law partner to the deed to achieve the same protections.

Read More

Am I able to add my adult children to the Deed to my Property in Nova Scotia?

Am I able to add my adult children to the Deed to my Property in Nova Scotia?

You can add additional owners to your property whenever you want. The new owner does not have to pay money and they can be family members. You can make the new person an equal share owner or you can give them a certain percentage. Most commonly, parents add their children as Joint Tenants. This makes the child an equal owner with any other Joint Tenants. The benefit to the Joint Tenant route in Nova Scotia is that when one person dies, the surviving owners automatically become full owners without requiring the estate to pass through Probate Court (saving time, stress and significant money).

Read More