Vaughan Spa

Recent content by MattyMcG92

  1. M

    Estate Planning Tax Question

    Hi Keebler Elf, RE: Transferring Principal Residence to Adult Children Facts A father is looking to transfer ownership of his solely owned (i.e. he owns 100%) home, to his two daughters. The home is the father's principal residence, meaning he primarily occupies the home (i.e. he lives...
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    Estate Planning Tax Question

    Hi Keebler Elf, RE: Transferring Principal Residence After Death in Ontario I work in Estate and Tax Law. I will try and get a response to you soon. I would like to confirm one detail of note. Does the father currently own any other property, such as a cottage or a rental home, aside from his...
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    Russian U-man.

    That is hilarious!
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    Any accountants/lawyers here? Question.....

    Hi Seth, I have worked in accounting and law. I have a lot on my plate during the week but will try and get you something on the weekend. Matt
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    Heavyweight boxing upset

    Fury should eventually fight Usyk to unify the belts. I guess Fury has to take on the mandatory challenger first and AJ has to rematch with Usyk.
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    Chix in Yoga Pants.....Oh How I Love Thee

    Those pics look like Kathleen. This is the best thread I have ever seen on TERB. Matt
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    He was found dead in 1963. Now this little boy finally has a name

    Thank you for sharing Charlemagne. This is heartbreaking. He was killed by one of his parents due to his disability. At least his extended family now know what happened. Matt
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    Fell in Love/Lust with an escort. Young sex addict

    Gabelogan, When you land your first job out of school, they will have some sort of employee assistance program that comes with the benefit plan. You may be able to get where you need to go without help. But with help you can get there a lot faster. Also, congrats on your graduation. It is a...
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    How to protect assets going into marriage

    Hi Ceiling Cat, It sounds as if your friend's divorce may have happened a long time ago and some of the laws may have changed. Ontario has a no-fault divorce system and the fact that a spouse may have been unfaithful has no bearing on how assets are divided. I feel for your friend. One...
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    How to protect assets going into marriage

    Hi Phil, Desert Monk's scenario involves marrying his girlfriend and that is most likely why Mandrill used the term prenuptial agreement. If Desert Monk and his girlfriend wanted to live common law and enter into a similar agreement, it is referred to as a co-habitation agreement. Matt
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    How to protect assets going into marriage

    Hi Curvluvr, The guys on this board have contributed a lot for me over the years so this is the least I can offer to repay some of that kindness. I do a fair amount of estate planning and estate settlement work so the first question from Desert Monk (wealth transfer from parent to child) was...
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    How to protect assets going into marriage

    Hi Oil&Gas, In Canada, the term marriage contract is an agreement signed before or after a wedding. But you are correct, in most common law countries the term "prenuptial agreement" would be the proper term used for marriage contracts done prior to the wedding. Matt
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    How to protect assets going into marriage

    Hi Desert Monk, Congrats on falling in love! Assuming the inheritance occurs after the marriage date, the Ontario Family Law Act stipulates that property acquired by gift or inheritance from someone other than the person's spouse (such as your parents) during the marriage is not shared...
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    Cobra Kai Series

    I binge watched the entire season 3 over a couple of days. It has definitely been a treat. Matt
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    'Gilligan's Island' star Dawn Wells, dead from Covid 19

    There are definitely none like her ideal among the Strippers, MPAs and SPs that us hobbyists see. Jokes aside, I remember watching this after school almost every day.
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