Asked by Anonymous
Hi my aunt is under a joint tenancy arrangement with her husband of a private property. As her husband has pass away, she now own 100% of a private property and it is not under mortgage. She wants to add her son's name (who is unmarried and has been living together with her since the private property was bought) into the private property would BSD/ABSD be payable? Or should she do it via a will? If she wants to bequeath the private property to her 2 sons by way of gift? For such arrangement would it be joint tenancy or tenancy in common or she needs to state in her will? If she would to protect one of her son to continue living in the private property, should she create a life estate instead? Which would be the least cost- add name, set up a will or set up a will with a life estate clause?
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