Financial Channel

My parents have some property under their name and would like to change it to be under mine. Does anybody know what procedures I have to perform to do this? Do I need a lawyer for this?

Any help or advice to point me in the right direction would be greatly appreciated.

Thanks.

I'm no expert but I'm pretty sure you need a lawyer for land titles and all that staff. Hopefully someone with more knowledge will post as well or call any lawyer that specializes in realty and they should be able to give you a quote. Enjoy your new property

Yep, go see your lawyer.

see lawyer and accountant

lawyer for the legal stuff (papers)
i.e. land transfer tax etc....

usually lawyers would know income tax implications as well (for your parents, not you), but if your case is more complicated, accountant would be a good source for hlep

In BC you can do it yourself at the land titles office for $8.

As mentioned there will be tax implications for your parents, they may want an accountant to help them with that.

I did a transfer about 5 years.. My lawyer was Jack Zwicker up at Woodbine/Steeles. Your situation may be different but it costed me $400.

from Yellowpages:
Zwicker, Jack
7100 Woodbine Ave
Markham, ON L3R5J2
(905) 470-2544
(905) 470-2571 (fax)

Talk to lawyer for sure