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Joint accounts continue to be the gift that keeps on giving (to estate litigators)

Tuesday, November 07, 2017 @ 9:31 AM | By Charles Ticker

There is no question that estate litigation is on the rise. Judges are now being asked to resolve more estate disputes than ever due to an aging population.

According to a recent RBC Wealth Management report, it is estimated that approximately $400 billion will be passed down to beneficiaries in Canada within a generation. Many of those dollars are likely held in joint accounts between a parent and an adult child. While a slight majority of Canadians — 54 per cent — have prepared a will,...