AUTOMATIC-ISH VESTING OF REAL PROPERTY
Section 9 of the Ontario Estates Administration Act (“EAA”) is often referred to as the “automatic vesting” provision, since it provides for the automatic vesting of real property in certain circumstances. Specifically, subsection 9(1) provides that real property that is not “disposed of, conveyed to, divided or distributed” among the persons beneficially entitled to such real property within 3 years of the date of death automatically vests in the beneficiaries….
AUTOMATIC-ISH VESTING OF REAL PROPERTY Continue Reading »
Estate Planning