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Posts Tagged: Fenelon Falls
1 ResultsMatrimonial Homes and Resulting Trusts
by: Jacob Kaufman, June 30, 2020
When a parent transfers property to a capable adult child without getting anything in return, the law does not assume this is a gift. Instead there is a (rebuttable) presumption that the child holds this property in trust for the parent (called a resulting trust). But what happens when that property is a matrimonial home…read more