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ESTATE LAW - Frequently Asked Questions

Can I avoid making a Will by owning everything jointly?

In some cases, this may be possible but there are a number of reasons contrary to this. Some things cannot be owned jointly.  The time and cost to change everything to joint names may be more costly than making a Will.

If at the time of your death, you are separated but there is no separation agreement, assets held jointly with your spouse will become your spouse's assets.  If you are married and both you and your spouse die without children, the assets of both spouses will go to the family of the last spouse to die.

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This information is a brief summary for information purposes only and is applicable only in the Province of Ontario. It is not intended to be legal advice. Full and complete legal advice can only be given by a lawyer who has detailed information about your individual circumstances.