The fantastic world of Joint Account

Sunday, July 5, 2015

Supreme Court Rules on Joint Accounts PART3

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b) Wording of bank documents: The clearer the language used in the bank document to suggest the transferor’s intent regarding the beneficial...

Supreme Court Rules on Joint Accounts PART2

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Pecore v. Pecore (2007 SCC 17) A father placed approximately $1 million of his assets in joint accounts with his daughter. She was one of se...

Supreme Court Rules on Joint Accounts PART1

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In two much anticipated decisions, the Supreme Court of Canada ruled on the legal presumptions to be applied when determining the intention ...

Joint ownership of bank accounts and investment accounts

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When it comes to  bank accounts  and investment accounts, some couples prefer joint ownership while others are strict about maintaining sep...

Joint Accounts: Appropriate Use of Joint Accounts

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As part of the estate planning process, in some provinces, some financial or legal advisors may encourage their clients to establish joint ...

Joint accounts: What does it really mean?

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Joint accounts A joint account offers the same features and benefits as a personal  chequing  or  savings account  in one name only, ...

Official Definition of ''Joint Account''

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Bank   account  in the name of two or more  individuals  (account owners) who jointly (equally)  share  its concomitant  rights  and  liabil...
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