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Jack and Joan got married. It was the second marriage for both of them, and each brought one teenage ...

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Jack and Joan got married. It was the second marriage for both of them, and each brought one teenage ...

Jack and Joan got married. It was the second marriage for both of them, and each brought one teenage child to the family. They bought a house in Langley as joint tenants. They worked very hard to create a loving home, but when the children had disputes it affected the relationship between Jack and Joan because of their loyalty each to their own child. Joan now thinks that it was a mistake to buy the house as joint tenants and wants her share in the house to go to her child in the event of her death. Which of the following will bring about such a change?

▸ Joan could sell her interest in her house to her uncle and have him sell it back to her.

▸ Jack and Joan cannot sever the joint tenancy.

▸ Joan could lease her interest in the house.

▸ Joan could have a will drawn up by which her share in the house would be left to her child.

▸ Joan could purchase an option agreement to lease her interest in the house to herself.

Textbook

Legal Fundamentals for Canadian Business

Edition: 4^th

Author: Yates

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