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Planning for succession of a cottage or vacation home: Matrimonial issues

Wednesday, June 13, 2018 @ 8:46 AM | By Susannah Roth and Margaret O’Sullivan

Owners of cottages or vacation homes often have concerns and worries when it comes to succession issues. Alleviating or minimizing these concerns requires a review of three main types of considerations: personal and emotional, tax and matrimonial issues.

Our last two articles dealt with personal and tax matters. Matrimonial law issues are the third set of considerations to be discussed when planning for a cottage or vacation home.

Under the Family Law Act (Ontario), the post-marriage increase in the value of gifts and inheritances and income...