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In Connecticut, you can make a living trust to avoid probate for virtually any asset you ownreal estate, bank accounts, vehicles, and so on. You need to create a trust document (its similar to a will), naming someone to take over as trustee after your death (called a successor trustee).
Do you have to remove a deceased spouse from a deed in Ontario?
In Ontario, in the event that a deceased is registered as a Joint Tenant (NOT Tenants in Common) on a title, probate is not necessary to transfer ownership as it is obtained through a Survivorship Application completed by a real estate attorney. The process removes the deceased persons name from the property title.
Is there a transfer on death deed in Canada?
A POD or TOD designation allows you to decide to whom the property will transfer or be paid upon your death. As it will be paid or transferred directly to the designated party, it will not be subject to probate taxes.
How do I transfer property after death of parent in Ontario?
In order to give or transfer your estate assets to a beneficiary, the Executor or Estate Trustee (the person in charge) has to be named, appointed and provided the official authority to do so. This appointment is called a Certificate of Appointment of Estate Trustee With or Without a Will.
Does a car have to go through probate in CT?
If you own the car with someone else and the word or appears between the two names then it will automatically be solely owned by the other owner when you pass away, thereby avoiding probate. Or you could fill out the beneficiary designation section on the back of your registration.
What is the Uniform real property transfer on death Act in CT?
This act establishes a registration procedure by which an owner of securities may arrange, through a written request, to have the title to the securities automatically transferred upon his death to a designated beneficiary without going through the probate court.
How much does an estate have to be worth to go to probate in CT?
How much does an estate have to be worth to go to probate in Connecticut? In the state of Connecticut, the minimum value of the deceaseds assets is $40,000.
Does Connecticut allow transfer on death deeds for real estate?
Connecticut, however, does not recognize such deeds and the only way for real estate to pass to another without probate or a trust is through joint ownership. It is worth noting that Connecticut does allow the transfer on death registration of vehicles.
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